The dollar took a downward shift. USD-JPY posted a low at 105.72, which is less than 40 pips from the day’s peak. Cable clocked a peak at 1.3104, marking a 50% retrace of Friday’s drop. AUD-USD printed a high at 0.7185. Both Cable and AUD-USD remained below their respective trend highs that were seen last week, as did EUR-USD, which settled near the 1.1750 level. Overall, the forex market lacked clear direction. Conditions were thin, being the summer season in Europe and North America, and with Tokyo and Singapore having been closed today.
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