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We think EUR/USD is finding a base here; USD/JPY: 137:50 key - SocGen

We think EUR/USD is finding a base here; USD/JPY: 137:50 key - SocGen

Societe Generale Research sees a limited scope for EUR/USD downside in the near-term, and highlights the importance of the 137.50 level in USD/JPY.

"We think EUR/USD is finding a base here, partly because the US rates market has priced a lot in now, and partly because the European rates market has more to price in,"SocGen notes.

"The USD/JPY 200-day average is at 137.70 and if that were to break, it would trigger a spike down for the yen, at least temporarily," SocGen adds. Read More

Posted: Mar 2 2023, 18:16
Author Name: forexlive
Views: 082254

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