Daily Briefing: FED Chair Yellen and ECB President Drahgi to speak today.
EUR/USD:This pair has traded in a sideways direction since the very good US NFP numbers on Friday. The range this week has been between 1.0670 & 1.0790, with ECB President Mario Draghi currently speaking the EUR is selling off again and on its way to 1.07. USD/JPY:The pair hasn’t taken out this week’s low of 122.70 continuing to hold onto gains made after NFP data last week. Short term resistance is seen at 123.60.
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