XE Market Analysis: Europe – Oct 26, 2016

Most dollar majors are trading near net unchanged as the London interbank enters the fray. EUR-USD has seen less than a 20 pip range in the upper 1.08s after failing to sustain yesterday’s brief gains above 1.0900 nor earlier losses that left a seven-month low at 1.0851. USD-JPY ebbed back to the lower 104s after clocking a three-month peak at 104.87 yesterday. Declines on Wall Street and in Asia today returned some support to the yen, which had underperformed over the last two sessions. The relative yen weakness still drove Japanese stock market outperformance, with the Nikkei 225 bucking the…

Source: XE news feed
XE Market Analysis: Europe – Oct 26, 2016