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Dec 20 - 06:55 AM

EUR/USD - Unlikely To Go Much Higher Despite BoJ Inspired Lift

By Peter Stoneham  —  Dec 20 - 05:20 AM
  • Dollar losses vs the yen feeding through to Europe's ccys

  • EUR/USD better bid from the get go after BoJ news nL1N33A01A

  • EUR/JPY understandably applying the brakes: cross down 3%+

  • Size of EUR/USD long positions also a sobering factor

  • At $16.6 bln larger than other majors combined

  • Traders have effectively priced out all Fed's policy changes

  • EUR/USD levels to watch: 1.0576 Mon low and 1.0663 Fri top (EBS)

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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