XE Market Analysis: Europe – Jan 21, 2019

The Dollar majors have been trading with little directional bias so far today. EUR-USD has settled in the upper 1.1300s, up from Friday’s 17-day low at 1.1353, and near the 1.1400 level, which roughly marks the midway point of a broadly sideways range that’s been unfolding for three months now. Cable and AUD-USD managed to edge out two-session lows, though the magnitude of movement has been limited. USD-JPY traded moderately softer, though has held within Friday’s range so far. An intraday low was printed at 109.47.