Forex news from the European morning session 2 Oct



It's been a quiet session understandably ahead of NFPs but not one without some opportunity for the day traders

Early price action saw USDJPY climb back above 120.00 from 119.90 as the Nikkei turned positive into the close but there was little follow through at that time. Eventually though we saw some further buying to challenge 120.25 res/offers again

Firmer European equity markets then had the euro on the back foot with EURUSD dipping below 1.1160 from 1.1180 and EURJPY testing 134.00

EURGBP also dipped further to 0.7358 from 0.7370 when UK construction PMI came in better than expected sending cable to 1.5175 from 1.5145 only to run out of steam and return to from whence it came.

USDCAD has edged higher after finding support into 1.3220 while USDCHF has been underpinned but still unable to breach 0.9800 again

AUDUSD and NZDUSD have also been treading water as the eyes of the financial world stay focussed on NFPs at 12.30 GMT