Danske Research Team
Danske Bank A/S
Majors
EUR/USD: SHORT AT 1.3450 FOR REVISED 1.3295, STOP LOWERED TO 1.3453
USD/JPY: SELL AT 102.31 FOR 101.32 OBJECTIVE, STOP 102.67
GBP/USD: SHORT AT 1.6862 FOR 1.6693; REVISE STOP AT 1.6895
USD/CHF: LONG AT .8909 FOR REVISED .9156; REVISED STOP AT .9028
AUD/USD: SELL AT .9321 FOR .9203, STOP AT .9379
USD/CAD: LONG AT 1.0915 FOR 1.1007 STOP AT 1.0872
Crosses
EUR/JPY: SELL AT 136.90 FOR 135.52 OBJECTIVE, STOP 137.30
EUR/GBP: POSSIBLY SELL
EUR/CHF: POSS SELL
EUR/CAD: LONG AT 1.4575 FOR 1.4780 REVISED STOP AT 1.4580
GBP/JPY: POSSIBLY SELL
NZD/USD: SELL AT .8490 FOR .8343; STOP AT .8540
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EUR/USD trades in a tight range below 1.0750 in the European session on Friday. The US Dollar struggles to gather strength ahead of key PCE Price Index data, the Fed's preferred gauge of inflation, and helps the pair hold its ground.
USD/JPY stays firm above 156.00 after BoJ Governor Ueda's comments
USD/JPY stays firm above 156.00 after surging above this level on the Bank of Japan's decision to leave the policy settings unchanged. BoJ Governor said weak Yen was not impacting prices but added that they will watch FX developments closely.
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