With the exception of the yen pairs, other major currencies are trading narrowly against the dollar and themselves
A lot of headlines from North Korean talks, trade/tariffs, and we even had the BOJ monetary policy decision — but it has done little to spur the currency market into life so far.
The yen is the only big mover on the day, as it fell on the back of progress on the North Korean front here. There were reports thereafter saying that Kim would be meeting with Trump, but it appears to be just South Korea playing out their own interpretation of an «invite» by Kim.
Nonetheless, USD/JPY made its move earlier in the day to highs of 106.94 before settling in the 106.60-70 range over the last two hours. That also sees EUR/JPY jump back above 131.00 and is now trading at 131.37.
Other major currencies had a less exciting day as we now await European traders to have their say. Here are the ranges of the major currencies against the dollar today:
- EUR/USD — 23 pips
- USD/JPY — 77 pips
- GBP/USD — 28 pips
- USD/CHF — 32 pips
- USD/CAD — 21 pips
- AUD/USD — 18 pips
- NZD/USD — 25 pips