XE Market Analysis: Asia – Sep 14, 2017

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The dollar rallied early in the N.Y. session on Thursday, driven by hotter U.S. CPI numbers, and better than expected jobless claims data. Initial gains were largely negated however, as reports that N. Korea was preparing a new ICBM test hit the wires. EUR-USD fell from 1.19 to 1.1839 lows, before spiking to session highs ot 1.1909. The pairing later steadied near 1.1880. USD-JPY topped 111.04 from 110.40, then retraced to 110.32 before stabilizing around 110.70. Cabke rallied sharply to one-year highs over 1.3400 following the BoE statement, which implied a rate hike is coming soon.