Support for the yen in early Asian trading

According to centralfx, the foreign exchange specialists, there has been support for the yen in early Asian trading, following the decision by US President Trump to order a cruise-missile strike on a Syrian government military airbase, in response to the alleged use of chemical weapons by President Assad’s government earlier in the week.

There was support for the yen with USD/JPY dipping to lows just under 110.15 with some defensive demand for US Treasuries and a move in gold, which strengthened to above $1,265 and the strongest level for near to 3 months.

Markets await the Bank of England Governor Carney’s speech later today for further indication of monetary policy.