XE Market Analysis: Europe – Nov 10, 2015

There has been little direction in currency markets, which were largely unaffected by the biggest drop on Wall Street in six weeks and mostly lower stock markets in Asia, nor by data showing a sub-forecast Japanese current account surplus, and a further slowdown in Chinese inflation. USD-JPY ground slightly higher in Tokyo, above 123.30, but there was little impetus and yesterday’s 11-week high at 123.60 remained unchallenged.