XE Market Analysis: North America – Apr 25, 2017

The euro remained buoyant, led by EUR-JPY gains, as markets continued to discount that France will end up with a pro-EU president at the runoff elections on May 7. EUR-USD lifted above 1.0890, drawing back yesterday’s post-French election high at 1.0906. EUR-JPY rallied to a fresh one-month peak at 120.45, well up on yesterday’s New York closing levels near 119.20-25. USD-JPY grabbed hold of EUR-JPY’s tail, and rose to a peak of 110.53, about 70 pips up on Monday’s closing levels but remaining shy of yesterday’s two-week peak at 110.63.

Source: XE news feed
XE Market Analysis: North America – Apr 25, 2017