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EUR/USD gets a helping hand as EUR/JPY rebounds
Earlier this morning the EUR/JPY took a hit to the downside, as the reported slide in the USD/JPY pushed the cross rate lower. That has now been reversed and the EUR/JPY has bounced back, from a low earlier at 156.33, back towards 157. The move rebound in the EUR/JPY has mostly been delivered by a corresponding recovery, back above 152 in the USD/JPY. However, it has also been facilitated by a modest move higher in the EUR/USD. Once that lifted above the earlier session high, the demand in the cross rate has helped to push towards 1.0325. The EUR/JPY had closed in the US last night at 156.67. The session low seen much earlier today was set at 156.26. It is now trading at 156.99, which is the session high
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