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The European morning was fairly quiet and typical of thin summer markets. The dollar was higher overall, largely as a consequence of specific flows rather than a fundamental trigger. Demand for USD-JPY was evident as importers put a floor in place under 96.00 in Asia and it extended up through 96.50 in Europe to 96.85. Read more
The dollar consolidated in narrowly mixed ranges. Most of the action was dominated by JPY movement as Q2 GDP disappointed expectations and slowed to 2.6% y/y versus a downwardly revised 3.8% outturn in Q1. USD-JPY and the crosses fell with domestic stocks, though they backed up during the afternoon after PM adviser Hamada said conditions show that it is not appropriate for the sales tax hike currently. Read more
The dollar was mixed into the weekend as position adjustment saw more disjointed price action. It moved a bit higher versus the European majors on corrective action. EUR-USD's inability to break 1.3400 fueled light long liquidation and it headed to 1.3350. Read more
The dollar mostly consolidated recent losses, leaving EUR just shy of 1.3400 and Cable around 1.5550 during the European session. USD-JPY showed modest improvement as Asia sentiment benefited from another round of more upbeat China data, leaving it around 96.50. Read more
It was a quiet session as the G10 FX consolidated Thursday's moves. The dollar extended lower on broad based selling, which lifted EUR close to 1.3400. In Asia, USD-JPY was the main mover after large bids at 95.80 put a floor in place on Thursday. It entered the N.Y. Read more
The dollar extended losses as intra-day accounts keyed off a weak technical backdrop. The USD index posted a sustained move under the 200-dma on Wednesday and this fueled a break below 81.00. A light U.S. data/event calendar left the focus on risk assets. Read more
The dollar added to recent losses in Europe. USD-JPY fell to 96.10 lows and was the catalyst for a EUR-USD move to 1.3368 highs in early trade. Follow through was limited by sovereign selling, while USD-JPY also met very strong bids from trust banks, which kept the dollar within a tight range. Read more
The dollar consolidated losses in Asia, leaving EUR firmly over 1.3300, while USD-JPY remained heavy around the mid-96 region as offers at 97.00 capped. AUD-USD posted strong gains as much better than expected China trade numbers boosted the pair from 0.8970 to 0.8980. Read more
The dollar headed lower, forcing the USD index back below the 200-dma for the second session. The downturn in the dollar came even after a revival in Fed taper talk on Tuesday. The move lower was a function of persistent USD-JPY weakness through 96.50 and a heavy short covering rally in Cable over 1.5500 after the BoE Inflation Report and Carney presser went down like a lead balloon. Read more
Sterling stole the headlines as BoE Carney's first quarterly Inflation Report detailed formal policy guidance. Cable fell on a knee-jerk move from 1.5300 to 1.5206 and then experienced a brutal short squeeze that topped 1.5440. EUR-USD was supported on dips, leaving it close to 1.3300, while USD-JPY was heavy in the low 97s after it registered an early move to 96.82 lows.[EUR, USD]EUR-USD ended the European morning above 1.3300 as a very sharp Cable short covering rally and strong German industrial production data boosted it from 1.3265. Read more
