Dollar index trading at session highs, pushes USD/JPY close to 107.00
Slight dollar demand creeping in, as it sends the dollar index to a high on the day. EUR/USD and GBP/USD falls to session lows of 1.2321 and 1.3879 respectively.
Meanwhile, USD/JPY looks on the verge of cracking 107.00. Be on the lookout for option expiries above that for later in the session too.
However, ranges are still relatively narrow on the day so it’s early days still. EUR/USD only has a 24 pips range and USD/CAD is only sitting in a 19 pips range so far.