It’s easier to buy pound than euro, with the Bank of England likely to issue hawkish statement even if it keeps rates steady on Thursday, says Bart Wakabayashi, Tokyo branch manager of State Street Bank and Trust Co.
EUR/USD seen facing profit taking to bring it to a more neutral position ahead of U.S. CPI data
$1.15-$1.17 levels are buying zones
It’s difficult to technically chase up USD/JPY as markets await CPI, with the pair likely to face resistance around 100- DMA of 111.16 Still, speculation of stronger-than-expected CPI data is driving USD/JPY higher.
Source: Bloomberg Pro Terminal
Trader Bozhidar Arabadzhiev
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