XE Market Analysis: Europe – Apr 11, 2018

The dollar has posted modest losses versus its major counterparts, which continues a theme seen since last Friday’s big U.S. jobs report miss. USD-JPY drifted moderately lower, back toward 107.00 after peaking yesterday at 107.39, which left last week’s six-week high at 107.49 untested. Yen crosses also saw a similar price action, with the yen finding bids as the risk-on revival trade petered out, with stock markets in Asia mostly flagging (the main exception being Chinese markets) and U.S. equity index futures posting losses. The Nikkei 225 closed with a 0.5% loss.