Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing

$DXY, $EUR, $JPY

Commentary: Sing. closed for holiday PE

Currency Markets US close Monday

US Dollar Index +0.3% at 91.77 -0.31% to 1.2087 -0.07% to 1.3765 +0.26% at 0.9899 +0.17% at 109.22 Unch at 6.332

EUR (Euro) The single currency unit received little support from the German CPI report and continued to trade poorly as stale USD positions continue to get flushed

JPY (Yen) Between correlation shift and breakdowns all the while considering the broader USD impressive run we are still only trading at 109.25. Dealers are looking for more clear signals as everyone to a tee is painting a different picture in USD/JPY these days.

Stay tuned.

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