Forex - EUR/USD, USD/JPY Flows: USD knocked by ISM, more downside scope for USD/JPY


 15:11 (GMT) 02 Dec

  [Forex Flows]

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EUR/USD, USD/JPY Flows: USD knocked by ISM, more downside scope for USD/JPY (0101-PWCS-C01)

A weaker than expected ISM manufacturing index has helped take more of the shine off the USD, which had already been tarnished by the tariff talk from Trump. The ISM contrasts with the better PMI data, both for the US and elsehwere seen today, but has nevertheless hit risky assets in general. We would not necessarily see this extensding far against the EUR, but the JPY looks extended above 109, and should have downside to a 108 handle.

EUR/USD, USD/JPY Flows: USD knocked by ISM, more downside scope for USD/JPY (0101-PWCS-C02)

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