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Mar 23 - 04:55 PM

EUR/USD - Yen Crosses Have The Most Impact

By Christopher Romano  —  Mar 23 - 02:10 PM
  • Yen buying overnight sank EUR/JPY in Europe's am, EUR/USD followed

  • EUR/JPY traded 133.15-132.37 on EBS, EUR/USD traded 1.007-1.0964 on EBS

  • Oil LCOc1 rally helped weigh on the euro as did US$ strength

  • Yen sales emerge as equities bounce, EUR/JPY pierced 133.25 late

  • EUR/USD rallied back near 1.1010, remain down -0.25% late in the day

  • EUR/USD downside possibly limited by tighter DE-US yield spreads

  • Techs lean bearish; RSIs falling, pair below rising wedge on daily chart

  • Feb. German, French Markit PMIs are data risks for Thursday

  • Fed speakers Kashkari, Waller, Evans, Bostic are headline risks Thursday

  • For more click on FXBUZ

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Refinitiv IFR Research/Market Commentary


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