EUR/GBP and EUR/JPY are both holding above support levels, while USD/JPY is trading sideways as traders await the release of the US Non-Farm Payrolls (NFP) report. The European currencies are showing strength against their counterparts, with EUR/GBP and EUR/JPY managing to stay above key support levels.
The EUR/GBP pair is holding steady above support at 0.8550, while EUR/JPY is maintaining its position above support at 130.00. Both pairs are showing resilience amidst the uncertainty in the markets.
On the other hand, USD/JPY is trading sideways as traders remain cautious ahead of the highly anticipated US NFP report. The pair is currently hovering around the 110.00 level, showing little direction as investors wait for the release of key economic data.
Overall, the forex market is experiencing some stability, with EUR/GBP and EUR/JPY holding above support levels, while USD/JPY trades sideways ahead of the US NFP report. Traders will be closely watching the data release for any potential market-moving impacts.