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Sep 22 - 05:55 PM

EUR/USD - After BOJ Some Hope Emerges For Longs

By Christopher Romano  —  Sep 22 - 01:50 PM
  • EUR/USD rallied from 0.9807 to 0.9908 after BOJ intervened to weaken yen

  • NY opened near 0.9880, pair slide in early trade as US$ buyers emerged

  • 0.9811 hit on EBS, dip was bout & pair neared 0.9850 late in the day

  • Lift aided by US rates EDH3US2YT=RR giving up some earlier gains

  • US$ sales & EUR/JPY rally above 140.00 also help underpin EUR/USD

  • Pair traded up near +0.10% on the session which lead to warnings for shorts

  • Daily doji candle formed & daily RSI diverged; imply short squeeze risk

  • BOJ intervention shows how much help EUR/USD needs to rally nL1N30T1A1

  • For more click on FXBUZ



Source:
Refinitiv IFR Research/Market Commentary

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