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EUR/USD edges past 1.0900 as USD/JPY drifts lower

I am sure it is nothing to get especially excited about, but the EUR/USD has managed to edge back above the 1.0900 handle now today. The lack of downside momentum of the past couple of days probably accounts for this as does some potential short-covering ahead of the Fed this week. The slight relapse in the USD/JPY is also a factor to consider, with the EUR/JPY not pulling back much at the same time and that dynamic has helped the EUR/USD to squeeze a little higher. The pace is dreadfully slow though and not suggestive of any surge in demand just yet. The EUR/USD is right now close to session highs at 1.0903

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