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Good Morning ,

 

Here’s a quick look at today’s economic news and market activity:

 

  • Investor sentiment continued to hold a cautious tone yesterday …
  • Currency-wise, the main pairs remained very tightly range bound …
  • Overnight, the yen has firmed markedly, prompting speculation that authorities may have intervened in the market …
  • This sees USD/JPY changing hands down in the lower half of $157-158 today, having started yesterday close to ¥160 …
  • Elsewhere, EUR/USD opens this morning just above the $1.16 handle ...
  • EUR/GBP is up at the 86p mark …
  • Turning to the day ahead, the macro calendar is relatively quiet …
  • Remarks from a slew of Fed officials will also be in focus.

 
Today's Opening FX Rates
 
      % Change Day* End 2025
EUR/USD 1.1606   0.27 -1.18
EUR/GBP 0.86   0.29 -1.32
GBP/USD 1.3492   -0.02 0.14
GBP/EUR 1.1624   -0.29 1.34
*versus Previous Day's European Open

All rates quoted are indicative market rates.