• EUR/USD +0.7% from Thur 1.1655 low on EU inflation concerns & weaker USD

• ECB holds but extensively debates raising rates & signals possible Jun hike

• DXY sharply lower following first JPY intervention in almost 2-years

• U.S. & Iran remain deadlocked, oil softer but Brent crude still above $112

• U.S. initial jobless claims 189k (poll 215k), Q1 GDP +2.0% (poll 2.3%)

• EUR bounces from 1.1650 support, needs break above 1.1850 to confirm upswing

• Range Asia 1.172425-34, support 1.1650 1.1409, resistance 1.1850 1.1930
EUR Daily 55-DMA

(James Connell is a Reuters market analyst. The views expressed are his own.)