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May 02 - 01:55 AM

EUR/USD - Steady In Asia As FX Volatility Confined To JPY

By John Noonan  —  May 02 - 12:00 AM
  • EUR/USD opened +0.44% @ 1.0713 after US yields eased in wake of Fed decision nL1N3H42A5

  • A plunge lower in USD/JPY on suspected intervention also weighed on USD nL1N3H42TN

  • EUR/USD traded in a 1.0707/20 range while USD/JPY continued to whipsaw

  • Heading into the afternoon the EUR/USD is unchanged at 1.0710/15

  • EUR/USD support is at the 10-day MA @ 1.0694 and a close below adds pressure

  • Resistance is at the April 26 high at 1.0753 and 200-day MA at 1.0800

  • EUR/USD may consolidate ahead of the US non-farm payrolls on Friday

  • Short-term bias is bullish while US yields correct lower

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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