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USD/JPY fall helps EUR/USD off the lows ahead of US CPI report due later today
The EUR/USD is higher this morning. Yesterday the Euro slipped back to a low at 1.1015 and later closed in the US at 1.1020. This morning it has managed to press close to 1.1050 and of course that is all due to the slide in the USD/JPY today. Incidentally, the USD/JPY has now set a new 2024 low, at 140.71 . The fall in the dollar there has clearly helped the EUR/USD to edge gusher, notwithstanding further falls in the EUR/JPY at the same time. Were it not for that cross falling, the EUR/USD would be higher, but remember folks later today we have come very important US economic data. At 12.30pm GMT the US will release the August CPI (Consumer Price Index) and that could be a vital component in shaping the further price action in the EUR/USD and the USD/JPY of course too. The EUR/USD is right now on session highs, at 1.1050
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