USD/JPY: yen is outperforming - FXStreet

Valeria Bednarik, chief analyst at FXStreet noted that the Japanese yen outperformed its major rivals as the market run for safety, resulting in the USD/JPY falling to 103.01, its lowest since October 10th. 

Key Quotes:

"Political anxiety in the US triggered a sell-off in equities and bonds, resulting in yields surging across the board.

The US 10-year yield retreated from  the weekly highs reached Tuesday, but stand at 1.79%, far from the lows in the 1.30% region seen last July.

The short term technical picture for the USD/JPY pair shows that the price is recovering from the mentioned low, but it's still far below its moving averages, in the 104.40/60 region."

Key event: US election panel

Meanwhile, don't miss our US election panel with expert guests, Adam Button and Martin Armstrong, hosted by FXStreet's Ross Burland.