The US Dollar edged lower versus the Japanese Yen and hit a 6-week trough as investors’ wariness over the policy plans of the incoming Trump administration grows ahead of his inauguration. Investors generally sought safe havens, flocking to Gold primarily, but also the Japanese Yen. Outside of the Yen, however, the Dollar has regained some strength and edged higher against the Euro and the Aussie and Kiwi Dollars.

As reported at 10:11 am (GMT) in London, the USD/JPY was down at 114.142 Yen, a loss of 0.30%. Meanwhile, the EUR/USD was trading at $1.0594, down 0.43%. The AUD/USD was trading at $0.7478, down 0.4113% while the NZD/USD was trading at $0.7098, down 0.49%.

Hard Brexit Fears Growing

The GBP/USD was lower at $1.2058, down 1.02%. Investors’ nerves are on edge over the prospect of a “hard Brexit.” The Prime Minister, Theresa May, is set to speak tomorrow and investors keenly await her rhetoric. The major worry is that she will push for immigration controls as a priority in her negotiations with trade access to the European Union a lesser concern. Ana