XE Market Analysis: Europe – Jan 03, 2018

The dollar has settled after yesterday extending the recent run lower. EUR-USD oscillated in a narrow range in the mid 1.20s, below the four-month high posted yesterday at 1.2082. USD-JPY steadied following a seven consecutive session run lower, which yesterday left a 19-day low at 112.05. The pair retains a heavy technical tone. The rebound reached only as high as 112.39 before a broad bout of dollar selling drove the pairing back to the 112.20 area.

Source: XE news feed
XE Market Analysis: Europe – Jan 03, 2018