EUR/USD, GBP/USD rise further as USD/JPY drops amid weaker US dollar despite US President Trump exempting key technology products from newly imposed “reciprocal” tariffs.
EUR/USD continues to advance with the February 2022 peak at $1.1495 remaining in focus.
Potential slips may find support in the $1.1155-to-$1.1146 zone. Further down lies last Monday's $1.0882 low which may also act as support.
GBP/USD is on track for its fifth straight day of gains from last Monday's $1.2709 low with the early April peak at $1.3207 being eyed.
Potential slips may find support around the late October and early November highs at $1.3048-to-$1.3043 ahead of the $1.3015 mid-March high.
USD/JPY continues to drop towards the ¥140.00 region.
Minor resistance remains to be seen at last week's ¥144.56 low.
Only a currently unexpected rise above Wednesday's ¥148.28 high would lead to the late March low at ¥148.70 ahead of the 12 March high at ¥149.20 being targeted.