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JPY strength weighs on EUR/JPY, drags EUR/USD lower

Source: Thomson Reuters


  • EUR/USD almost erased gains from bounce off earlier low, risk-off sentiment the culprit

  • JPY strength weighed on EUR/JPY, drags EUR/USD with it

  • Some bids into 1.0480 break sees next support ~1.0460 (Jan 9, 2003 low)

  • Big long-term 1.0350/1.0450 pivot coming up, if break parity is next target

  • Short-term narrowing of yield spreads ignored by market for now

  • Market Data
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