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EUR/USD and GBP/USD steady as USD/JPY rises

The volatile moves of the past two sessions have faded for now, with some recovery in risk appetite seen in FX markets.

Transcript

EUR/USD drifts sideways after heavy losses

EUR/USD is holding its ground after recent losses, but shows no desire to move either higher or lower for the time being.

The $1.17 level continues to hold as support, while on the upside movement has been limited to around $1.174.

GBP/USD tiptoes lower

The GBP/USD price continues to probe the area around $1.365, but with little enthusiasm for further declines it seems.

Overall, the sellers are still in control, with further declines looking likely and buyers needing a rally back above $1.37 to recover a more bullish view.

USD/JPY heads higher

After testing the lower bound of its recent trading range the USD/JPY price has recovered, and now a move back towards ¥110.00 and ¥110.50 looks likely as risk appetite revives.


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