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.
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.
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.
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.
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