XE Market Analysis: Europe – Dec 23, 2016

Narrow ranges have been prevailing in very subdued trade. Several Asian centres were closed either for a half or full day, including Japanese markets, which were closed for the Emperor’s Birthday. Many interbank market participants will be unofficially be calling it a half day in London today, too, and many centres will be down to skeletal staffing levels until the new year. USD-JPY continued to ply a narrow range in the mid 117s, consolidating after logging a trend high at 118.66 last week. EUR-USD made time in the mid 1.04s after logging an eight-day peak at 1.0499 yesterday amid what…

Source: XE news feed
XE Market Analysis: Europe – Dec 23, 2016