EUR/USD holds 1.0400 but price action today dominated by EUR/JPY

Yesterday the EUR/USD faced pressure for most of the day and that later led to a test of the 1.04 handle, not long after it had fallen further into the 4pm London fix. The Euro fell to 1.0401. It later rebounded off that low and posted a US close at 1.0423. The price action so far today has been caught up in another lurch lower in the EUR/JPY and that has stopped it from gaining much ground so far this morning. The high seen so far has been set at 1.0438 and hence not exactly conclusive to very much at this stage. It also seems likely; that EUR/JPY dynamic will continue to dominate all the while the USD/JPY is controlling the price action. The low in the EUR/JPY so far today has been set at 156.63. That cross rate has fallen closer to the 2025 low set on February 10, at 155.61. The low seen in the EUR/USD so far today has been set at 1.0419. It is currently trading at 1.0433