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EUR/JPY slipping sees EUR/USD edges lower
The EUR/JPY is close to session lows just now. That move comes as the EUR/USD refuses to bounce and the USD/JPY so far rejects a recovery back above the 152 handle. The EUR/GBP is edging a little lower just now too. So, the Euro is the weak link right now and the Yen is the strongest at the moment. The better than forecast Japanese GDP data released much earlier today has been a catalyst for that. So, the EUR/JPY is back below 159. It had closed on Friday at 159.83. The rebound to just above 161 last Thursday seems some way off right now. The fall below 159 today has also taken out a number of prior interim lows seen last week. The EUR/JPY is right now at 158.96
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