EUR/USD slips towards session lows after dust settles on US PPI report

As noted in the immediate update on the USD/JPY following the release of the September PPI report, the dollar has now rebounded. As suspected here at the time, the fall back in the dollar on this looked at odds with the annualised readings rising on both counts. Well, now the USD/JPY has reversed that initial move and just now lifted to a fresh session high at close to 149.25. That move in turn has helped to push the EUR/USD down to session lows close to 1.0925 and US equity futures are no higher really. So, it remains to be seen how those equity markets will later react, when live trading resumes in less than one hour from now. The EUR/USD is still at risk of more downside by the looks of it, but much will depend on how the USD/JPY trades from now on. The EUR/USD is currently trading at 1.0928