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CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please consider our Risk Disclosure Notice and ensure that you fully understand the risks involved. CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please consider our Risk Disclosure Notice and ensure that you fully understand the risks involved.

EUR/USD, EUR/JPY and USD/JPY resume their recent ascents post FOMC

​​EUR/USD, EUR/JPY and USD/JPY recover after less hawkish Jerome Powell speech.

Euro Source: Getty Images

​​​EUR/USD resumes its ascent

​​As long as EUR/USD remains above Wednesday's $1.065 low on a daily chart closing basis, further upside is likely to be seen with last week's high at $1.0753 representing the next upside target. ​ ​

As long as $1.0753 isn't overcome, there remains the risk of another down leg being made, though, but this we see as less likely than upside pressure in the short-term.

AUD/USD chart Source: TradingView.com

​EUR/JPY sees buying pressure

EUR/JPY is heading back up towards Monday's ¥171.58 high.

​Minor support below Thursday's ¥165.20 low lies in the ¥164.06 to ¥163.72 region.

EUR/JPY chart Source: TradingView.com

​USD/JPY still targets the ¥160.21 high

USD/JPY is heading back up towards its April 1990 high at ¥160.16 and Monday's peak at ¥160.21, having on Wednesday slid to ¥153.01. While above this level further upside is expected to be seen.

USD/JPY chart Source: TradingView.com

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