The EUR/USD pair has fallen to a fresh January low of 1.1076, recovering just modestly during the American afternoon, as market activity was restricted by a holiday in the US.
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GBP/USD is trading around 1.30, on the back foot. The UK may break EU rules after Brexit, complicating the economic picture for UK industry. Last week's UK data continues weighing on sterling.
USD/JPY is currently trading near 119.20, having found bids at 110.08 in early Asia. The bounce has confirmed a flag breakout on the 5-minute chart and opened the doors for 110.34. The bullish view would be invalidated if the spot finds acceptance below 110.15.
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