XE Market Analysis: Europe – Feb 21, 2018

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The dollar has remained buoyant, led by gains in USD-JPY, whicih lifted for a fourth straight session in logging a four-session high of 107.90, extending the rebound from the 15-month low seen last Thursday at 105.54. EUR-JPY and other yen crosses are also firmer, though by a lesser magnitude than USD-JPY, as a broader bid in the dollar has also been at play. EUR-USD posted a four-session low at 1.2317. Data out of Asia today included Japan’s flash manufacturing PMI for February, which ebbed to a 54.0 headline reading form 54.8 in January, and mixed figures out of Australia.