XE Market Analysis: Europe – Oct 20, 2016

The dollar is moderately firmer heading into the open of the London interbank market. USD-JPY recouped to the upper 103s versus yesterday’s 10-day low at 103.16. EUR-JPY and other yen crosses have seen a similar price action, though USD-JPY’s rebound was bigger in magnitude as broader dollar firmness was a factor following the Fed’s latest Beige Book report, which was sufficiently upbeat to maintain expectations for a December Fed rate hike. An magnitude 5.3 earthquake in eastern Japan reportedly caused little damage, and there was no tsunami alert. The third and final Trump versus Clinton debate saw little market impact…

Source: XE news feed
XE Market Analysis: Europe – Oct 20, 2016