December 6, 2022

Forex Solution

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Major currencies steady so far to start the session

1 min read

Not a whole lot of movement across the board

The dollar is keeping steadier in general, holding around less than 0.1% changes against the major currencies bloc with exception to the yen.

The yen is a little higher on the day with USD/JPY backing away from another test of 109.00 earlier, sitting close to session lows around 108.70 currently.

USD/JPY D1 24-05

On the daily chart, the pair is hovering just below key trendline support for now and that will be one to watch from a technical perspective this week.

Elsewhere, EUR/USD sits just below 1.2200 with large expiries noted at the level and GBP/USD is also still keeping a bit of a distance from 1.4200 for the time being.

Just be aware that this week will also involve month-end flows so there is that to consider over the next few days as well.

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