The USDJPY pair tumbled overnight to fall below 110.50 while the yen’s strength pushed the Nikkei lower by more than 1 percent. The Swiss Franc was bid as well, particularly against the euro, due to concerns about the political situation in Italy. EURCHF has been declining sharply and has dipped below 1.17.
Markets Rattled by Geopolitics
Daily Analysis - 23/05/2018