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Euro Slips To Session Lows, EURJPY Back Below 160.00

EUR
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  • 1.0900 caps the topside in most recent trade for EURUSD as President Lagarde makes her opening remarks and acknowledges that wage pressures have started to ease. A quick 35 pip jolt lower sees the pair testing the lower end of its tight overnight range. Comments on the rate cut debate being premature has failed to garner any support.
  • On the downside, a break of 1.0822, Tuesday’s low, would resume the recent bearish theme. Lower US yields in the aftermath of the US data is supporting the Yen, weighing on EURJPY (-0.45%) to fresh session lows and a breach of yesterday’s lows below 160.00. This may place renewed focus on initial firm support which lies at 158.55, the Jan 12 low.
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  • 1.0900 caps the topside in most recent trade for EURUSD as President Lagarde makes her opening remarks and acknowledges that wage pressures have started to ease. A quick 35 pip jolt lower sees the pair testing the lower end of its tight overnight range. Comments on the rate cut debate being premature has failed to garner any support.
  • On the downside, a break of 1.0822, Tuesday’s low, would resume the recent bearish theme. Lower US yields in the aftermath of the US data is supporting the Yen, weighing on EURJPY (-0.45%) to fresh session lows and a breach of yesterday’s lows below 160.00. This may place renewed focus on initial firm support which lies at 158.55, the Jan 12 low.