The market activity picked up in today’s trading as the JPY strengthened on the back of the “carry trade” unwinding and uncertainties with the US economy. The GBP also extended losses as the UK CPI and RPI figures were lower than expected and with the lower inflation data, there is speculation that the BOE may have to start cutting rates. The GBP/USD reached lows of around 2.0316.



RANGES

11:00pm-7:00am EST



Low

High

EUR/USD

1.4157

1.4226

GBP/USD

2.0316

2.0433

USD/JPY

116.44

117.43

USD/CHF

1.1787

1.1837