EUR/USD edging higher as USD/JPY eyes 152

The USD/JPY is edging closer to a test of the noted technical support at 152.00. To remind the reader, that is the price point of the 200 day moving average. It has held so far but the dollar is still under pressure just now. That has allowed the EUR/USD some breathing space, notwithstanding the fact that the EUR/JPY has fallen below the 160 handle again today. In fact the EUR/JPY has pushed below the previous interim low seen last week and extended that move underneath 159.50 earlier today. So, the EUR/USD is edging back towards the 1.05 handle again just now. The Euro stalled at 1.0545 on the topside yesterday and fell back to close last night in the US, at 1.0489. The low seen earlier today was set at 1.0474 and the high reached a moment ago was set at 1.0496. So, as you can see, that by recent standards the current range is tight, but it will extend as the day further unfolds and that huge data drop from the US later on will surely ensure that it does. The EUR/USD is currently trading at 1.0495