USD/JPY Price Analysis: Extends the range play around 110.00 mark ahead of US CPI
A combination of factors pushed USD/JPY higher for the third successive day. The formation of
EUR/USD gathers traction near 1.1830, US CPI in sight
EUR/USD extends the rebound from Monday’s lows around 1.1770. Final Spanish CPI rose 0.5% MoM,
GBP/USD jumps to fresh session tops, 1.3900 mark back in sight
GBP/USD caught fresh bids on Tuesday and built on the overnight rebound from sub-1.3800 levels.
EUR/USD risks further losses while below 1.1850 – UOB
FX Strategists at UOB Group suggested EUR/USD could slip back below 1.1770 as long as
NZD/USD: No changes to the consolidative theme – UOB
NZD/USD still seen navigating within the 0.7040-0.7160 range in the next weeks, noted FX Strategists
GBP/USD could still test 1.3890 – UOB
In opinion of FX Strategists at UOB Group, Cable is still seen attempting a move
GBP/USD struggles below mid-1.3800s post-UK jobs data
GBP/USD remained confined in a range through the first half of the trading action on
USD/JPY: Upside momentum loses traction – UOB
UOB Group’s FX Strategists noted USD/JPY moved once again into a consolidative phase. Key Quotes
BoE’s Hauser: Unwinding QE will become an integral part of future tightening
The Bank of England’s (BoE) executive director for markets, Andrew Hauser, crossed the wires in
EUR/USD bears seeking restest of 1.1780s
EUR/USD is technically stretched on the upside, bears seek retest of support structure. US data