USD/JPY: Yen bulls take a breather, back near 119

The Japanese yen took a breather in its upsurge versus the US dollar in the early European trades, now lifting USD/JPY away from lows and back near 119 handle, as markets assess the recent Chinese trade data and further moves by the China’s authorities.
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Oversold GBP/USD extends recovery, rises to 200-DMA

The GBP/USD pair, after having shed more than 600 pips in nine consecutive sessions in the last two weeks, witnessed a recovery to its 200-DMA located at 1.5352 levels ahead of the European session.
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