Forexlive European FX News 12 Oct: JPY weakness reigns 0 (0)

More JPY weakness despite risk off start to session
Other markets
The wall of worry spoken about in yesterday’s wrap returned overnight. The sheer list of concerns is telling in itself: Evergrande default anxiety, supply chain complexities and delays, inflation fears with even Japan bucking its deflationary trend, and energy prices precariously high all have traders angsty. 

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AUD traders: Keep an eye on Iron Ore & coal prices 0 (0)

Iron Ore
Iron Ore prices  (light orange)have moved sharply higher helping lift the AUD today as well as positive COVID news. 
If Iron Ore prices keep rising higher then expect that to further support the AUD. Around 20% of all Australia’s exports are Iron Ore. Coal is the next highest export and those prices are already well

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Forexlive European FX News 11 Oct: JPY weakness sends the USDJPY higher to 113 0 (0)

Risk leans on, but risk remains
Other markets
– FTSE +0.32% 
– Dax -0.47%
– CAC -0.34%
– Bitcoin +2.77%
– Gold -0.14%
– US oil +2.95%
 Oil markets kept pushing higher on the three main drivers of low inventories, rising demand, and skilled OPEC market communication. 

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