Yen Broadly Lower as Equities Rebounded, Dollar to Look into FOMC Statement The Japanese yen weakened broadly last week and stocks extended the rebound from prior week's low and recovered nearly 70% of loss in the past few weeks. Indeed, S&P 500 had the largest weekly gain since January 2013 on better than expected earnings, as well as stabilization in markets sentiments. Meanwhile, New Zealand dollar was the second weakest major currency following weak inflation trade data. Meanwhile, European majors were generally weak too. Sterling was under pressure most of the week after dovish BoE minutes and retail sales but recovered as Q3 GDP met expectation. Aussie, Canadian and Dollar were the strongest currencies but it should be noted that these three were bounded in range against each other. It's more of the weakness in others that drove the markets. Full Report Here... | 
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