XE Market Analysis: North America – Oct 04, 2018

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The dollar has traded softer during the London AM session, correcting some of the gains seen over the last day following strong U.S. data and the associated spike in Treasury yields. EUR-USD has lifted back above 1.1500 after lifting out of the six-week low seen during the Asian session at 1.1463. USD-JPY has also backed off, to the lower 114.0s after printing an 11-month high at 114.64 during Tokyo trading. Key U.S. data looms, culminating with tomorrow’s release of the September nonfarm payrolls report, where risks are for a strong number.