After a positive day for the European currencies, in which the euro, the British pound, and Swiss franc saw a good recovery of their losses last week, Tuesday's session does not offer, at least for now, movements important for it and for other major crosses.
The yen has strengthened in the last few hours at a slow pace, but this move looks like a correction, at a crossroads as the USD/JPY pair which came out of its slumber weeks ago. Anyway, you could observe the area of the crossing 85.60 this week.
As for European stock markets operate right now, continuing a movement in the direction of the shares of New York on Monday. The market quickly digested employment data showed on Friday, and so far not observed variables that can change the direction of the blue chips. As this happens, the currency may follow a path of short-term bullish trend, weakening the dollar.
The material has been provided by Instaforex Company - instaforex.com
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