The US dollar remains in a bearish position while the Japanese yen leads the major currencies

As we approach the Asian close, the Japanese Yen (white) leads the majors, while the Swiss Franc (green) and Australian Dollar (blue) are not far behind.

At the bottom of the barrel are the US dollar (yellow) and the New Zealand dollar (purple).

We have a mix of safe havens and high betas at the top and bottom of the group, so there are no clear danger signals from the currency market yet this morning. It’s all a bit mixed up.

This article was written by Arno V Venter at www.forexlive.com.