EUR/USD to move lower, USD/JPY risks lean higher – TDS EURUSD USDCAD USDJPY SP500 Banks
“We have been biased to a tactical move lower in EUR/USD for some time. We continue to view 1.05 as the first major reassessment point for this bias, though we note that the 200-DMA will be rather crucial support. For USD/CAD, this point is 1.37 though we think this may could push higher ifUSD/JPY risks lean higher for now; 137 will be next key resistance and is roughly where relative 1y1y OIS differential pit the pair. Failure to hold this resistance will likely need a break of 1.
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