EUR/USD and USD/JPY await US jobs data as dollar revival remains elusive

EUR/USD holds steady at 1.0940 while USD/JPY trades near 161.20 as markets position ahead of crucial US employment data. The dollar's attempted recovery has stalled despite hawkish Fed rhetoric, with traders skeptical about sustained USD strength without concrete economic improvements. EUR/GBP remains range-bound at 0.8580, reflecting balanced monetary policy expectations between the ECB and BoE. Japanese officials continue verbal intervention warnings as USD/JPY approaches intervention levels near 162.00. Market positioning data shows speculative EUR longs at multi-month highs while JPY shorts remain elevated despite intervention risks. Key US jobs data including ADP employment and weekly jobless claims could trigger significant volatility. Technical levels show EUR/USD resistance at 1.0980 and support at 1.0900, while USD/JPY faces strong resistance at 162.00 with support at 160.50.