Market conditions were pretty subdued in pre-European trade in Asia. EUR-USD settled in the mid-to-upper 1.08s early week trade after logging a three-week peak at 1.0900 on Friday. The 1.0900 level and the 50-day moving average at 1.0897 mark resistance. Support is at 1.0845 and 1.0769, which is the current position of the 20-day moving average. USD-JPY edged out a one-week low of 118.77 before recovering to the 119.00 area. The dollar is now trading back below its 20-, 50- and 200-day moving averages. The Apr-20 low at 118.53 and the Mar-26 low at 118.33 mark key supports.
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