Danske Research Team
Danske Bank A/S
Majors
EUR/USD: LOOK TO SELL
USD/JPY: LONG AT 118.90 FOR REVISED 122.62; STOP RAISED TO 120.59
GBP/USD: SHORT AT 1.5100 FOR INITIAL 1.4952 OBJECTIVE; STOP AT 1.5205
USD/CHF: LONG AT .8755 FOR REVISED 1.0042; REVISED STOP AT .9719
AUD/USD: SHORT AT .7828 FOR .7451, STOP AT .7761
USD/CAD: LONG AT 1.2495 FOR 1.2800, REVISED STOP AT 1.2560
Crosses
EUR/JPY: LOOK TO SELL 130.60/70
EUR/GBP: SELL RALLIES
EUR/CHF: LONG AT 1.0685 FOR 1.0900; STOP 1.0605
EUR/CAD: SELL AT 1.3705 FOR 1.3425 STOP AT 1.3840
GBP/JPY: LONG AT 183.00 FOR 185.05, STOP AT 182.00
NZD/USD: REVISED SELL AT .7320 FOR .7120; REVISED STOP AT .7365
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USD/JPY finds its highest bids since 1990, near 155.50
USD/JPY keeps breaking into its highest chart territory since June of 1990 early Thursday, testing 155.50 for the first time in 34 years as the Japanese Yen remains vulnerable, despite looming Japanese intervention risks. Focus shifts to Thursday's US GDP report and the BoJ decision on Friday.
Gold price lacks firm intraday direction, holds steady above $2,300 ahead of US data
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