By Christopher Romano — Sep 11 - 08:30 AM
EUR/USD rallied 1.0708-1.07415 on EBS overnight, NY opened near 1.0730
Comments from BOJ member & PBOC fix, China loan data rally yen & yuan
USD/JPY fell to 145.91 on EBS, USD/CNH fell to 7.2921 on D3
EUR/USD bulls weren't able to add to gains as EUR/JPY fell to 156.58
EUR/USD up only +0.20% early NY despite equityESv1, commodityHGv1 gains
Pair holds below short-term resistance ~1.0750 ahead of data, event risks
US August CPI is due Wednesday; ECB meeting due Thursday, hold expected
Techs lean bearish; monthly RSI falling & pair consolidating recent drop
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Source:
Refinitiv IFR Research/Market Commentary