Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Mar 02 - 12:55 PM

EUR: We think EUR/USD Is Finding A Base Here; USD/JPY: 137:50 Key - SocGen

By eFXdata  —  Mar 02 - 10:45 AM
 
Societe Generale Research sees a limited scope for EUR/USD downside in the near-term, and highlights the importance of the 137.50 level in USD/JPY.
 
"We think EUR/USD is finding a base here, partly because the US rates market has priced a lot in now, and partly because the European rates market has more to price in,"SocGen notes. 
 
"The USD/JPY 200-day average is at 137.70 and if that were to break, it would trigger a spike down for the yen, at least temporarily," SocGen adds.
 
 
Source:
Société Générale Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2023 eFXdata · All Rights Reserved
!