The dollar leads gains in European morning trade
Of note, USD/JPY is pushing to its highest levels in over a week as price touches 103.70 upon a break of its 200-hour moving average @ 103.26 earlier in the day.

Latest data released by Eurostat – 7 January 2021

Latest data released by Eurostat – 7 January 2021
The thing to watch here is that much like how confidence/optimism grew during the summer last year, it could easily falter again if the timeline of the vaccine rollout is misconstrued and if the virus situation continues to worsen in the meantime.