Forexlive European session forex news 31 Jul

European wrap-up

I'm wrapping things up here and handing over to Adam who will lead you through the tier one Canadian and US data to come.

If you're just waking up and logging into your charts, take a look at today's ForexLive European session discussion below:

We saw some overlap between Asia and Europe thanks to a very late BoJ meeting and subsequent press conference that felt like it went forever with all the translations going on.

European data saw the Euro start to consider repricing some of its ECB inspired losses as it wasn't the gloomy readings expected. Euro optimism seemed to appear throughout the session.

The narrative was obviously therefore focused on USD/JPY and EUR/USD, but tomorrow focus will shift to GBP/USD in the lead up to the BoE decision Thursday.

Best of probabilities to you!

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