Forex - EUR/USD, EUR/JPY Flows: Modest moves

 08:42 (GMT) 16 Apr

  [Forex Flows]

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EUR/USD, EUR/JPY Flows: Modest moves (0100-ZCFF-C01)

Some demand for the EUR and selling interest in the USD being noted but only the day traders really getting very excited as wider ranges remain intact, while USD/JPY - not unusually - sits in the eye of a very low key storm in a range that has not stretched beyond 10 pips since the European open. We do have some US data to watch today with US retail sales looking to end a three month run of losses, though a 0.4% m/m headline rise would still leave a fairly subdued Q1, especially with the tax cuts factored in. We note from Friday's CFTC data that the long EUR speculative position grew again in the latest period, with the USD short also extending. At the moment no one is paying that any attention, and while the retail sales data may be considered first tier the focus of the FOMC is elsewhere.

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