XE Market Analysis: Europe – Oct 11, 2017

The euro has seen a relief bid after the Catalan leader refrained from calling a unilateral spit from Spain, and chose instead to proceed with dialogue. EUR-USD and EUR-CHF climbed to respective two-week highs of 1.1834 and 1.1534, and EUR-JPY to a 10-day high just shy of 133.00. Elsewhere, USD-JPY clocked a two-week low at 111.99 low yesterday before lifting back to the mid 112.0s as the market unwound the safe haven premium built up in the yen. USD-JPY’s low was shy of the pair’s 200-day moving average, at 111.88.

[EUR, USD]