EUR/USD tries to recover lost ground while EUR/JPY, USD/JPY trade in multi-decade highs
EUR/USD tries to recover lost ground while EUR/JPY, USD/JPY trade in multi-decade highs amidst increasing BoJ intervention risk.
EUR/USD range trades
EUR/USD tries to hold above its $1.0671-66 current June lows, below which lies the May low at $1.065.
Resistance above Monday's $1.0746 high sits at the 18 June high and the 55-day simple moving average (SMA) at $1.0761-64.
USD/JPY hits 37 1/2 year high
USD/JPY has so far risen to ¥160.87, a level last traded in December 1986. Above it sits the ¥165.00 November 1986 high.
Minor support sits at the ¥159.93 24 June high.
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