By John Noonan — Dec 19 - 10:20 PM
EUR/USD opened +0.24% at 1.0608 after better German IFO underpinned nL1N3391ND
After easing to 1.0598 it tracked up to 1.0615 before BOJ decision
BOJ said they would review YCC and expanded 10-year JGB band from 0.25% to 0.50% nP8N32R01MnT9N32A071
USD/JPY plunged nearly 2.0% and dragged the USD broadly lower
EUR/USD traded up to 1.0652 before settling around 1.0640
Sellers tipped 1.0660/70 with resistance at the 61.8 of 2022 fall at 1.0743
Support is at the 10-day MA at 1.0590 and 21-day MA at 1.0500
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary