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Dec 29 - 01:55 AM

EUR/USD - Edges Higher As USD/JPY Fall Leads USD Lower

By John Noonan  —  Dec 28 - 10:25 PM
  • EUR/USD opened -0.27% at 1.0612 after whippy US session

  • USD/JPY fell after Tokyo arrived and gave the USD a broadly offered tone

  • EUR/USD rose to 1.0637 while the USD/JPY fell 0.75% to 133.49

  • Heading into the afternoon the EUR/USD was settled around 1.0620/25

  • Offsetting the USD/JPY fall was a risk-off mood in Asia

  • The Nikkei fell 1.30% while the AXJ index eased 0.90%

  • EUR/USD support is at the 21-day MA at 1.0583 and break would be bearish

  • Resistance is at the 61.8 of the 2022 fall at 1.0743

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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