XE Market Analysis: North America – Feb 14, 2018

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The dollar rebounded during the London AM session after declining in Asia. Position squaring was reported with market participants eyeing the release of the U.S. CPI data for January, which may have a potentially large bearing on Fed tightening expectations. EUR-USD ascended to a five-day high of 1.2392 before ebbing back toward the mid 1.23s. European data showed German growth slowing to 0.6% q/q from 0.8% in Q3. USD-JPY settled to the mid 107.00s after logging a 15-month low in Tokyo trade, at 106.84, breaching on route reportedly barriers of large option structures at 107.00.