Forex Today: Calm before the ECB storm
Here is what you need to know on Thursday, June 9: Markets stay quiet early
USD/JPY: Further upside remains well on the cards – UOB
The uptrend in USD/JPY remains well in place and could extend to the 133.50/134.00 zone
USD/JPY: Softer US yields may be necessary to bring the pair down – Rabobank
Analysts at Rabobank expect the USD/JPY pair to remain around current levels on a one
USD/JPY rallies to fresh two-decade high, bulls eyeing to reclaim 134.00 mark
USD/JPY scaled higher for the fourth straight day and shot to a fresh two-decade high.
USD/JPY: Door open to…134.00? – UOB
The strong upside momentum could lift USD/JPY to the 134.00 neighbourhood in the next weeks,
USD/CAD sticks to modest recovery gains near mid-1.2400s, lacks follow-through
USD/CAD gained some positive traction on Wednesday amid the emergence of fresh USD buying. A
GBP/USD drops to fresh daily low, back closer to 1.2500 amid broad-based USD strength
GBP/USD met with a fresh supply on Wednesday and was pressured by a combination of
USD/CAD bears in charge and target a breakout for fresh cycle lows
USD/CAD is under pressure with the themes surrounding the BoC in focus. The week is
USD/CNH: Downside alleviated above 6.6850 – UOB
If USD/CNH close above 6.6850 it would be indicative that the downside pressure could be
EUR/USD looks offered and drops to 3-day lows near 1.0660
EUR/USD loses further ground and revisits the 1.0660 region. The greenback extends the bid bias