Forex Flash: USD on the back foot - Societe Generale

FXstreet.com (Barcelona) - Kit Juckes, Global head of Currency Strategy at Societe Generale notes that USD is on the back foot this morning following last weeks disappointing US GDP number.

He notes that JPY saw the largest move on Friday among G10 currencies after the BOJ policy meeting did not result in any further policy action. That being said, Juckes notes that USD/JPY is still trading within its April range while EUR/USD also remains within its (tighter) April range.