Skip to content
Slight changes among major currencies so far in the day

The yen leads while the euro lags

But the changes are not too significant as price action continues to remain more contained for the most part in European morning trading.

USD / JPY holds around 113.50-60 with sellers maintaining a more bearish bias in the short term, working with the yield curve flattening this week. However, support around 113.41 still holds and limits any further bearish movement for now.

Slight changes among major currencies so far in the day

Meanwhile, EUR / USD is slightly lower at 1.1585-90 as sellers also keep a more bearish bias in the short term, but we see price action remaining a bit stickier around 1, 1600 in the midst of large option expiries while waiting for the ECB later. today.

Elsewhere, other dollar pairs are roughly within 10 pips of each other and this illustrates quite well the lack of balance so far on the session.

European stocks are more mixed, with US futures edging up, up around 0.2% currently. It might help with sentiment as a whole, but keep in mind that there are some month-end trading terms to deal with in the later stages of this week as well.

It could make things a bit more complicated and difficult to master, especially if there are sudden movements before you get to the weekend.

Invest in yourself. See our forex education center.


Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor.