XE Market Analysis: Europe – Feb 01, 2021

The dollar has traded modestly firmer so far today, though has remained below recent highs, with most currencies seeing narrow ranges. EUR-USD saw a modest downside drift, dipping back under 1.2100, though remained above its Friday low at 1.2093. USD-JPY settled in a narrow range below the 11-week high seen on Friday at 104.95. The pound has been bid, coming within a few pips of trend highs against both dollar and euro while printing a fresh 11-month peak against the yen.