XE Market Analysis: Europe – Sep 27, 2017

The dollar has remained buoyant. USD-JPY rallied to a four-session peak at 112.54, more than reversing the declines of late last week when markets were fretting about the escalation in the war in words between Trump and Kim. Remarks yesterday from Fed’s Yellen, that the central bank “should be wary of moving too gradually,” along with the lack of a fresh missile test by Pyongyang, helped rekindle USD-JPY buying. EUR-USD, meanwhile, has remained heavy, turning lower after failing to sustain a rebound above 1.1800.