Yen Crosses Rally As Equities In US Recover, BOC Surprises Markets With Rate Cut

We start with a look at the Aussie-Yen pair, which found a low yesterday at 68.15, following a 370 pip slide in yesterday’s session. Yesterday’s fall was led by a sell-off in equities which increased risk aversion. Today, yen crosses saw a reversal in their fortunes, paring some of the…