The dollar majors have posted narrow ranges so far today as many market participants sit on their hands into the Congressional testimony of the new Fed chairman, Powell. USD-JPY has held a narrow range, logging a high of 107.10 before settling in the upper 106.00s, holding comfortably within yesterday’s range. EUR-USD lifted to an intraday peak of 1.2342 before settling around 1.2330, leaving yesterday’s high at 1.2355 unchallenged.
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