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It's been a typically quiet morning as........>

FOREX
FOREX: It's been a typically quiet morning as you'd expect ahead of Eurozone
inflation and US jobs figures.
* The USD trades moderately stronger against the G10 currencies and the EUR is
firmer against the rest.
* The main loser is the JPY. Asian equities rallied for the 4th consecutive
session, following the lead of Wall Street and adding to the generally
risk-positive theme. EUR/JPY continues to rally, touching Oct'15 highs at
Y136.50.
* EUR/USD's range has been limited: $1.2050 failed to provide convincing
support, and traders now look to hourly support at $1.2025/35 before the strong
psychological level of $1.20.
* GBP/USD is taking the lead of the USD and trades toward the lower end of
yesterday's range in an uneventful session.
* Unsurprisingly, the focus is on the jobs report at 1330GMT, but Eurozone CPI
Estimate provides the initial calendar risk at 1000GMT, expected to slow to
1.4%, but rise to 1.0% for the core figure.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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