XE Market Analysis: North America – Apr 08, 2019

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The Dollar majors has been trading with little direction. Modest Yen strength was a theme during the Tokyo session, with the Japanese currency lifting by between 0.2% and 0.3% concurrently with a turn lower in Asian stock markets. This drove USD-JPY and AUD-JPY to respective six-day lows at 111.35 and 78.96 and EUR-JPY to a five-day low at 124.98. EUR-USD, meanwhile, has plied a narrow range in the lower 1.1200s, consolidating above the 1.1210 low seen on Friday in the wake of the U.S. jobs report, which revealed a blend of strong payrolls but tepid earnings growth.