Major currencies greeted with another lull of a day in Europe | Forexlive
It’s a bit of a slow one in European morning trade with major currencies again not up to much. The dollar is largely consolidating, but keeping steadier overall as we continue to digest Trump’s latest tariffs. The big one yesterday was him slapping Brazil with 50% tariffs here. So far today, the changes among dollar pairs are light with little of note.
EUR/USD continues to consolidate near the highs after briefly crossing above 1.1800 last week. Large option expiries at 1.1700 are helping to limit any downside action so far on the week though.
EUR/USD daily chart
Besides that, we have USD/JPY pushing a little higher but was dealt a slight setback yesterday amid a fall in Treasury yields. Still, the dollar largely held its ground with the pair continuing to keep above 146.00 for now. The 100-day moving average (red line) is the key line in the sand to watch for the time being:
USD/JPY daily chart
That acts alongside the 100-hour moving average at 145.84 currently in keeping buyers in near-term control on the week.
Coming up, we will have the US weekly jobless claims to watch out for but it’s still all about trade headlines before the focus turns towards the US CPI report next Thursday.
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