XE Market Analysis: Europe – Mar 13, 2018

The yen backed out of early-Tokyo highs and is showing an average 0.4% decline versus the dollar and euro heading into the London interbank open. USD-JPY logging a high of 106.90 after posting a three-session low at 106.25. EUR-JPY also lifted out of a two-session low to make a two-session high of 131.77. AUD-JPY and other yen crosses saw a similar price action. The dollar, meanwhile, traded with a steady-to-firmer tilt with markets eyeing today’s release of the U.S.