The Japanese yen started the trading week soft amid the seemingly improving market sentiment, but now the currency is trading above the opening level against its major peers.
Traders woke up with a positive mood today due to the news that the summit between US and North Korean leaders may yet happen. On top of that, markets welcomed what seemed to be sort of a defeat of anti-euro forces in Italy. Yet now, it looks like risk aversion is in full force again, perhaps because European politics was still a mess.
USD/JPY fell from 109.73 to 109.28 as of 14:01 GMT today. GBP/JPY dropped from 146.10 to 145.36.
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