FX markets: Classic risk-off or default positioning? - GKFX

Gold and Yen are moving higher at a time when the Dollar is flexing muscles against other majors. Does that sound unusual? That is often the case during risk aversion.

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In an interview with Tip TV, James Hughes, Chief Market Analyst at GKFX discusses whether the FX market is signalling risk aversion or the lack of fresh first tier economic data releases in Europe and US is forcing investors to revert to default positions - Dollar strength. But what explains the rise in gold and the drop in USD/JPY? Check out the full segment for answers.