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TDUX
Nov 01 - 05:55 PM
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USD/JPY - Marked Lower Early On Risk Aversion

By Krishna Kumar  —  Nov 01 - 03:48 PM

• USD/JPY eases slightly in early Asia on tech and metals selloff

• Quoted at 157.45/55 on trading platforms from NYK close of 157.64

• Wall St slumps as AI cash burn fears spark tech selloff, Intel slides

• Nasdaq posted largest one-day percentage drop since early June on Friday

• Tech rout drives gold to one-year low, white metals sink

• Midterm US elections, earnings, jobs data loom for AI-wary markets

• France outlook downgrade, Frankfurt riots likely to weigh on EUR/JPY

• Iran developments eyed as oil prices hit 6-mth high, may cap JPY upside

• USD also buoyed on Friday by Fed officials making case for rate hikes

• Friday range 157.96-157.89; Japanese markets closed on Tuesday
JPY:


(Krishna Kumar is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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