XE Market Analysis: North America – Jun 23, 2017

EUR-USD lifted before capping out 1.1187, ahead of reported option-related selling interest into 1.1300. The pair subsequently drifted to a low of 1.1161 before settling around 1.1175. The flash June composite PMI reading undershot expectations, though still pointed to relatively robust growth, while price increases slowed, which should keep the ECB hawks at bay. USD-JPY continued to ply a sideways range for a third straight day, holding in the lower 111.0s. The flash June manufacturing PMI out of Japan dipped to a reading of 52.0 from 53.1 in May, but to little market impact.

Source: XE news feed
XE Market Analysis: North America – Jun 23, 2017