North American Summary and Highlights 25 Feb

European and North American sessions

The European morning saw USD/JPY pick up to a high of 156.82 from 155.60  while the USD saw modest gains elsewhere. North America saw USD/JPY correct only modestly to 156.40 in the absence of significant data but elsewhere the USD erased European losses and more, with riskier currencies supported by equities. GBP/USD after a brief dip below 1.35 rebounded above 1.3550, outperforming EUR/USD which edged above 1.18 after slipping to a low of 1.1771. USD/CAD found sellers above 1.37 while AUD/USD saw renewed gains above .7120. EUR/JPY held steady near 184.60 after advancing a big figure in Europe.