EUR/GBP, EUR/JPY hold above support while USD/JPY trades sideways ahead of US NFPs – IG Group

EUR/GBP and EUR/JPY are holding above their respective support levels, while USD/JPY is trading sideways as investors await the release of the US Non-Farm Payrolls (NFP) report. The EUR/GBP and EUR/JPY pairs are showing resilience above key support levels, indicating potential strength in the euro against the British pound and the Japanese yen. On the other hand, the USD/JPY pair is stuck in a narrow trading range as traders await the highly anticipated NFP data, which could provide further direction for the US dollar. Overall, the currency markets are in a state of anticipation as traders brace themselves for potential volatility ahead of the NFP release.

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