By Christopher Romano — Oct 03 - 01:45 PM
NY opened near 1.0475, a brief lift met sellers, 1.0448 then hit on EBS
US yield rise US10YT=RR drove US$ buying which weighed on EUR/USD
USD/CNH rally to 7.3315 & equity ESv1, oil LCOc2 slip weighed on EUR/USD
Suspected BOJ intervention in USD/JPY sent EUR/JPY down to 154.39 on EBS
EUR/USD bounced slightly, sat near 1.0465 late, traded down -0.09%
Daily doji formed & daily RSI is overbought; may be concerns for shorts
US Sept ADP, ISM- non-mfg PMI are key data risks in NY Wednesday
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary