XE Market Analysis: North America – Oct 19, 2016

USD-JPY and yen crosses proved the main action as the yen strengthened following a report in Kyodo News citing an unnamed BoJ member saying that there won’t be an easing at the November policy meeting. USD-JPY shed about 0.5% in making an eight-day low at 103.24, while EUR-JPY dipped by a similar magnitude as it clocked a three-week low at 113.53. EUR-USD, meanwhile, plied a narrow range, of 1.0974-1.1004, holding comfortably within yesterday’s range. Sterling saw some chop but was settled with a fractional gain versus the dollar, as of the early European PM. Branson, of Virgin fame, said of…

Source: XE news feed
XE Market Analysis: North America – Oct 19, 2016