The Dollar majors have been trading without clear direction. Yen firmness was a theme during the Tokyo session, before the currency ebbed back as risk appetite in stock markets improved. USD-JPY printed a four-day low at 110.25 before recouping to the 110.50 area. EUR-USD, meanwhile, plied a narrow range in the upper 1.1200s, holding comfortably above the three-month low that was seen at 1.1249 yesterday, with yesterday’s U.S. retail sales miss having given the pairing some buoyancy.
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