XE Market Analysis: North America – Jan 21, 2019

There hasn’t been a strong theme in forex markets so far today. Sterling paring losses seen during the early part of the London session, while EUR-USD settled in the upper 1.1300s, above Friday’s 17-day low at 1.1353, and near the 1.1400 level, which roughly marks the midway point of a broadly sideways range that’s been unfolding for three months now. AUD-USD, like Cable, managed to edge out two-session lows, though the magnitude of movement was limited. USD-JPY traded moderately softer, though has held within Friday’s range so far. An intraday low was printed at 109.47.