XE Market Analysis: North America – Oct 29, 2020

The dollar and more especially the yen rebounded from intraday weakness. EUR-USD inched towards yesterday’s low at 1.1717, with the pair at levels prevailing in the late London morning showing a modest 20-pip-plus (approx) decline on yesterday’s low. EUR-JPY was down quite sharply, putting the cross below the 122.00 level for the first time since mid July, tracking other yen crosses as the Japanese currency found renewed safe haven demand. USD-JPY posted a new five-week low at 104.03. U.S.

Source: XE news feed
XE Market Analysis: North America – Oct 29, 2020