The markets head into the weekend on a quiet note. Stocks have had a blessedly low-volatility day, maintaining modest gains almost all day. EUR/USD is virtually unmoved on the day, while USD/JPY holds on to moderate gains, supported by the rebound in US equities. Poor Us economic data was fully anticipated and resulted in moderate prices swings, relative to what we’ve seen in the last few months.
EUR/USD heads out around 1.2765, USD/JPY at 98.25 and EUR/JPY at 125.50. Have a great weekend all!.
