XE Market Analysis: Asia – Jan 04, 2018

The FX market was relatively quiet in N.Y. on Thursday, with major dollar pairings maintaining narrow ranges throughout. The DXY remained under the 92.00 mark, though stayed above Tuesday’s three-plus month low of 91.75. A strong ADP jobs report provided some support to the greenback, though there was little follow through seen, especially with the BLS jobs report due on Friday. EUR-USD ranged between 1.2055 and 1.2088, while USD-JPY topped at 112.86 after getting a data boost from lows of 112.62 at the open.