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Dec 19 - 10:55 PM

EUR/USD - Gets Late Boost From USD/JPY Plunge After BOJ

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

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