XE Market Analysis: Europe – Apr 08, 2019

Narrow ranges have been prevailing so far among the main dollar pairings an associated crosses. Modest Yen strength was the main directional theme, with the Japanese currency rotating between 0.2% and 0.3% higher concurrently with a turn lower in Asian stock markets. This drove USD-JPY and AUD-JPY to respective six-day lows at 111.35 and 78.96 and EUR-JPY to a five-day low at 124.98. EUR-USD, meanwhile, has plied a less-than-20-pip range in the lower 1.1200s, consolidating above the 1.1210 seen in the wake of the U.S.