The USD is trading mixed in midmorning Asian market action, the EUR having given up some modest early losses while the JPY continues to trade sideways against the USD. Chinese CPI coming in as expected have helped risk appetite somewhat, although currencies like AUD lost ground on expectations the data will cement expectations of Chinese RRR cut next week. USD/JPY is now at Y76.88, not much changed from Y76.87 near the US close overnight, in a Y76.86 to Y76.91 range while euro-yen is at Y97.82 vs Y97.64. EUR/USD is at $1.2723 currently, compared with $1.2702 late in the US, after a $1.2705 to $1.2728 range. The dollar index is at 81.27, after a 81.24 to 81.32 range.
EasyForexNews Research Team