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GBP/USD edges off lows of the day whilst USD/JPY remains on the front foot

The Dollar has lost a little of its earlier gains versus the European currencies. The USD/JPY has remained elevated at the same time though and close to its 2023 highs, even as the likes of the GBP/USD and EUR/USD edge higher. The new 2023 high for the USD/JPY has been set now today at 148.66. It is just now at 148.63. Meantime, the GBP/USD, which traded to as low as 1.2213 earlier this morning is now edging back above 1.2330. The EUR/USD is a little higher too, so both the GBP/JPY and EUR/JPY are off earlier lows too. The move lower in the dollar versus Europe comes as the major European equity indexes here remain above earlier session lows. The GBP/USD is currently trading at 1.2231

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