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Forex: EUR/USD keeps the red after French Budget

The shared currency keeps the soft tone on Friday, after the French Budget deficit during January narrowed to €12.8 billion from €87.2 billion in the previous month.
Continuing with the data, Spanish industrial output posted an annual contraction of 5.0%, a tad better than estimates at -5.2%.

Next on tap would be the German figures for the industrial sector, preceding the US Non-farm Payrolls and unemployment rate.

The cross is losing 0.15% at 1.3087 and a dip below 1.3058 (MA200h) would clear the way to 1.2970 (low Mar.7) and then 1.2966 (2013 low Mar.1).
On the upside, resistance levels line up at 1.3130 (MA100d) ahead of 1.3140 (Tenkan Sen line) and then 1.3163 (high Feb.28).

Forex Flash: Overnight movements in wake of USD strength – UBS

The USD/JPY continued its advance overnight after finally breaking above 95.00 on Thursday. Rising US yields helped it on its way, and the 10-year US treasury yield now finds itself back above 2.0% for the first time in two weeks. Yield support led to more broad-based dollar strength too: Cable traded back below 1.5000 again despite Thursday's unchanged policy decision from the Bank of England.
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