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Published on Sep 5, 2016
The
U.S. Dollar has sold off somewhat since this week opened. Risk
currencies have appreciated as has the Japanese Yen following Kuroda’s
more hawkish comments earlier.
The EUR / USD currency pair
remains unchanged, sitting very firmly in the middle of its multi-month
long-term consolidation range.
The USD / JPY currency pair has
sold off from its highs above 104.00 as the Governor of the Bank of
Japan spoke earlier to halt the recent appreciation in value.
The
GBP / USD currency pair may have reached an important turn at the end
of last week and looks ready to fall. Much will depend upon UK data due
today.
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