The fact that today dollar pairs are maintaining a change of 20 pips to each other indicates a lack of appetite so far in European trading. The changes roughly range from 0.10% to 0.15% mostly, which indicates that traders do not have much to work with. This comes with the stock also in a slightly lazy mood as seen here.
USD/JPY remains a key pair to watch, as the price continues to hold just below 145.00 – which is where traders draw the line into the intervention zone by Japan:
USD/JPY daily chart
The pair is down just 0.15% today to 144.43 currently, as traders struggle to gather much conviction ahead of the US weekend trade.
EUR/USD fell 0.1% to 1.0900 while GBP/USD settled at 1.2690 for now. Meanwhile, earlier pushes and pullbacks in AUD/USD see the pair up just 0.1% now, at 0.6678 on the day.
This is one of those days when it’s best to use it to get some fresh air. You won’t lose much.