XE Market Analysis: Europe – Jul 25, 2017

Narrow ranges have been the order of the day so far, with a combo of a dearth of fresh directional cues, summertime thinness, and the looming proximity of the Fed’s policy announcement (tomorrow) fostering a noncommittal market. USD-JPY dipped back under 111.00, reflective of a broad though moderate bid in the yen, which has been seen since just after the Tokyo fix. Stock markets in Asia have seen little direction. EUR-USD has continued to oscillate around the 1.1650 level for a second day, holding below the 23-month high at 1.1684 that was pegged in the Asia session on Monday.

Source: XE news feed
XE Market Analysis: Europe – Jul 25, 2017