XE Market Analysis: Europe – May 02, 2018

The dollar has remained in the ascendant, posting fresh trend highs against the yen and sterling, and remaining buoyant, near highs versus the euro and other currencies. USD-JPY edged out a fresh 11-week high at 109.92 in early Tokyo trading, gaining despite declines in EUR-JPY and other yen crosses. EUR-USD has remained heavy after posing a four-month low yesterday at 1.1981, while Cable has extended to a new four-month low of 1.3580, building on the 1% decline of yesterday.