Both the Dollar and Yen have weakened against most currencies so far today. USD-JPY itself has been holding a narrow range in the mid 1.1200s after recovering from an early dip to a 1.1221 low. EUR-USD, meanwhile, has popped above 1.1700 for the first time since last Wednesday, while EUR-JPY lifted to a fresh 10-week high of 131.58. Cable and GBP-JPY, along with other Dollar pairings and Yen cross rates have seen a similar price action. Japanese markets have been closed for the Marine Day holiday, which has thinned market conditions.
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