XE Market Analysis: Europe – Apr 12, 2018

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The dollar majors have once again plied narrow ranges, EUR-USD in the mid-to-upper 1.2300s after a four-day run higher capped out yesterday at 1.2397, and USD-JPY in the upper 106.0s. The lack of directional impulse has been seen in most other currency pairings, and Asian stock markets. The Nikkei 225 closed with a fractional 0.12% loss. Market participants have been sitting on their hands, waiting to see what size, what commitment and what geopolitical consequences the expected U.S.-led military action in Syria will have.