Monday 25 January 2016

XE Market Analysis: Europe - Jan 25, 2016

The main currencies have been consolidating the risk-on moves of Friday, even though Asian stocks and oil prices continued to advance, albeit by comparatively moderate magnitudes. The forex market's risk appetite barometer, AUD-JPY, is showing a 0.2% gain but has remained below the 17-day high it posted on Friday, at 83.53. USD-JPY has also remained buoyant in the mid-to-upper 118s, but has left its Friday peak at 118.88 unchallenged. EUR-USD has remained heavy, near 1.0800, but has remained above last week's ECB-induced low at 1.0777.



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