The Dollar Index can see near-term trade within 106.20-105.40 while Euro can test support at 1.0675/0650 before bouncing back from there.
Good Morning! EURJPY and USDJPY have seen a strong fluctuation within a very broad range and lack directional clarity just now. While below 171.50 and 160.50, both pairs can remain ranged within 171.50-166 and 160.50-154 region respectively. Aussie and Pound have dipped slightly and can fall while below 0.66 and 1.26 respectively.
has recovered from the sharp fall seen yesterday and can now head towards 7.25. may remain ranged within 89.60-89.00 region. rose sharply towards 83.50 yesterday. If it falls from 83.50, it can continue to trade within 83.50-83.30 else a sharp break above 83.50 will be strongly bullish towards 83.60/70 or even higher. The US Treasury and the German yields have come down well extending the fall seen on Friday. Further fall is expected in the next few sessions within an overall medium-term uptrend. The 10Yr and 5Yr GoI are oscillating in a sideways range and could turn eventually bullish while above 7.15%.
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