EUR-USD has settled around 1.1750-70 after logging a two-week low at 1.1724 late yesterday. Market participant will remain vigilant on developments in Spain, with Catalonian leaders threatening to unleash mass civil disobedience over the independence issue. USD-JPY has scaled to fresh intraday highs, making 113.75, with the pair recouping most of the decline seen yesterday, which left a low at 113.24. Yesterday’s three-month high at 114.10, seen as markets reacted to the resounding victory of Abe at weekend elections, is back in the scopes.
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