Forex news from the European morning session 5 December 2014

News:

Data:

It’s been the usual pre-NFP type of session with traders trimming back and remaining cautious and we’ve seen the euro give up a few of its post-ECB gains but holding its own against the further weakening yen

EURUSD has dribbled lower to 1.2346 from 1.2480 with EURGBP down to 0.7871 from 0.7915 as the pound picks up a few buyers overall sending GBPUSD to 1.5695 after early lows of 1.5624. EURJPY was capped at 148.90 but another burst higher in USDJPY to 120.69 has dragged it up to 149.09 so far.

Yen weakness overall has seen GBPJPY up to 189.31 and even AUDJPY dragged higher to 100.97 but with AUDUSD still on the backfoot around 0.8365

USDCAD has had a look upstairs from 1.1390 but capped at 1.1420 while NZDUSD still remains under the cosh at 0.7758.

NFPs on their way so get yourselves ready for some frantic Friday fayre.