By Andrew M Spencer — Jan 17 - 10:25 PM
-0.05% in a 1.0766-1.0799 range, yen led rising USD capped - EUR/JPY +2%
Focus now on 0.5% 10yr JGB policy ceiling- will offshore investors cove?
U.S. welcomes Northern Ireland talks progress after meeting UK's Cleverly
A post Brexit trade compromise would be a boost for both UK and EZ economies
Charts; momentum studies conflict, 21 day Bollinger bands edge higher
5, 10 & 21 day moving averages continue to rise - positive setup
Targets significant resistance at 1.0938 50% of the 2021-2022 fall
NY 1.0775-1.0870 range is initial support and resistance
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary