Danske Research Team
Danske Bank A/S
Majors
EUR/USD: SHORT AT 1.2515 FOR REVISED 1.2342; LOWER STOP TO 1.2460
USD/JPY: BUY 114.45 NOT FILLED, LOOK TO BUY DIPS
GBP/USD: SELL AT 1.5950 FOR 1.5753; STOP AT 1.6010
USD/CHF: LONG AT .9555 FOR REVISED .9839, RAISE STOP TO .9616
AUD/USD: SHORT AT .8735 FOR .8450, REVISED STOP AT .8647
USD/CAD: BUY AT 1.1340 FOR REVISED 1.1597 OBJ, STOP 1.1260
Crosses
EUR/JPY: LOOK TO BUY LOWER AT 140.40
EUR/GBP: SHORT AT .7920 FOR REVISED .7756; STOP AT .7930
EUR/CHF: SHORT AT 1.2080 FOR REVISED 1.2006; STOP AT 1.2075
EUR/CAD: SELL AT 1.4195 FOR 1.3890 OBJ, STOP 1.4305
GBP/JPY: BUY AT 181.65 FOR 186.60, STOP AT 180.95
NZD/USD: REVISE SELL AT .7755 FOR REVISED .7587; STOP AT .7810
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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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