XE Market Analysis: Europe – Jan 16, 2020

Narrow ranges have prevailed so far today, with the dollar consolidating after edging lower in recent sessions following the misses in December jobs and CPI data out of the U.S. EUR-USD plied a narrow range under the eight-day high seen yesterday at 1.1163. USD-JPY posted less than a 15-pip range so far today, capped on the upside by 109.99. The pair is consolidating strong gains from last week’s low at 107.65, which was seen in the initial wake of the Iranian missile strike on U.S. military bases in Iraq, which capped out at the eight-month seen on Tuesday, at 110.21.

Source: XE news feed
XE Market Analysis: Europe – Jan 16, 2020