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EUR/USD remains vigilant on US NFP – Danske Bank

Senior Analyst at Danske Bank Mikael Milhoj gives his views on the near term stance for the pair in light of political developments and key US releases.

Key Quotes

“EUR was kept afloat yesterday as the recent euro-zone doom was somewhat dented by decent inflation figures and Italy worries receding further”.

“Trump’s metal tariff announcement failed to move USD much and there is likely to continue to be some fatigue in the market with respect to this as a driver”.

“If the US jobs report disappoints on earnings today, it could mean a continued recovery in EUR/USD into the weekend”.

USD/JPY clings to gains above 109.00 handle, NFP in focus

   •  Resurgent US bond yields/USD uptick helps build on overnight rebound.    •  Bulls seemed largely unaffected by BoJ’s decision to trim JGB purch
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Japan stocks to advance in 2018, but restricted by trade worries - Reuters poll

According to the outcome of the latest Reuters poll, the Japanese equities are seen rising 4.5 percent this calendar year, extending the winning strea
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