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European Morning Wrap From ForexLive

We should do away with Monday morning sessions, they so often offer little in the way of excitment. Today was no exception.

Yen strength had been the most notable trend, USD/JPY (NYSEARCA:FXY) down at 83.10 from early 83.40, EUR/JPY at 109.35 from around 109.80. US treasury yields have come lower (benchmark 10 year at 2.2672 from early 2.3066) and this will be weighing. We're also fast approaching Japanese financial year end and there are expectations of yen demand for repatriation purposes.

Talk of sell stops now through 83.00 and 82.80.

EUR/USD (NYSEARCA:FXE) unchanged at 1.3165, having dipped as low as 1.3140. Early dip ran into ACB buying around the lows. BIS has been seen selling circa 1.3160 and buying circa 1.3145. It's been that kinda morning.

Cable marginally firmer at 1.5850 from early 1.5835.