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EUR/GBP slides as UK PMIs and Retail Sales beat expectations
The Euro (EUR) weakens against the British Pound (GBP) on Friday, with Sterling outperforming its major peers after stronger-than-expected UK economic data. At the time of writing, EUR/GBP is trading around 0.8677 after climbing to a three-week high near 0.8745 earlier this week.
Fxstreet
Fri, Jan 23
AUD/USD: Any advance is likely part of a higher range of 0.6810/0.6860 – UOB Group
There is scope for Australian Dollar (AUD) to rise further, but any advance is likely part of a higher range of 0.6810/0.6860. In the longer run, AUD could continue to advance, but the scope for further gains is likely limited.
Fxstreet
Fri, Jan 23
USD/JPY hits channel resistance near 159.45 – Société Générale
USD/JPY has met interim resistance near 159.45 at the top of an ascending channel, with a short-term pullback potentially finding support around the 50-day moving average at 156.00-156.60, Société Générale's FX analysts note.Fxstreet
Fri, Jan 23
EUR: Europe’s strategic autonomy may support the Euro – ING
Growing consensus that Europe must chart its own strategic path is expected to underpin the Euro (EUR). EUR/USD may see further upside pressure, though resistance around 1.1770-1.1780 remains key, ING's FX analyst Chris Turner notes.
Fxstreet
Fri, Jan 23
GBP/JPY retreats below 213.50 amid rumours of a Yen intervention
The Pound has retraced to the mid-range of the 123.00s, trading at 213.47 against the JPY at the time of writing, after whipsawing more than 200 pips as the Bank of Japan (BoJ) Governor Kazuho Ueda concluded his press conference, which has rumours of a Yen intervention.
Fxstreet
Fri, Jan 23
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