XE Market Analysis: Asia – Sep 08, 2015

FX trade was relatively quiet in N.Y. on Tuesday, though overnight equity gains in China spilled over to Europe and the U.S, supportive of yields, and for the most part, keeping the dollar on a firmer footing. Major dollar pairings were held to narrow trading bands however, as a lack of U.S. data kept activity on the quiet side. EUR-USD found support into 1.1150 early, though later failed to breach the 1.1200 mark, while USD-JPY struggled over 120.00, before later touching 119.67 lows.