Forex Focus: EUR/USD -0.3% Over 7 Days as USD/JPY Rises to 158.54

Transcript

EUR/USD is falling 0.34% over seven days, currently trading at 1.1171 after a 24-hour decline of 0.29%. Sterling trades at 1.3217 against the dollar, off 0.13% over the past 24 hours. USD/JPY trades higher at 158.54, up 0.2% on the session, gaining 31 pips. Our Pair of the week is EUR/USD, recording a 7-day drop of 0.34%. For the dollar backdrop, the effective Fed funds rate stood at 3.75% as of September 1. The US 2-year Treasury yield printed 4.75%, with the 10-year yield at 5.22%, both as of October 8. Overseas, the IMF noted expectations for gradual Bank of Japan rate hikes toward neutral. That's Forex Focus for the London open.