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FOREX: EURUSD Reverses Post-CPI Move, EURJPY Down 1.05%

FOREX
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  • The US dollar has been gradually paring losses in recent trade, with the greenback assisted by equities moderately off their best levels. EURUSD stands out, having entirely reversed the post-CPI move to trade back at 1.0300. Notably, the single currency underperformance keeps EURGBP on the backfoot, edging closer back to 0.8400, while EURJPY extends session declines to over 1%. Below here for EURJPY, the focus will be on 160.00, a notable pivot for the cross, coinciding with the Monday low.
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  • The US dollar has been gradually paring losses in recent trade, with the greenback assisted by equities moderately off their best levels. EURUSD stands out, having entirely reversed the post-CPI move to trade back at 1.0300. Notably, the single currency underperformance keeps EURGBP on the backfoot, edging closer back to 0.8400, while EURJPY extends session declines to over 1%. Below here for EURJPY, the focus will be on 160.00, a notable pivot for the cross, coinciding with the Monday low.