This post was originally published on this site.There are a couple of key expiry levels to take note of on the day, as highlighted in bold below. The first is for EUR/USD at the 1.1175 level, with the strike holding roughly within 10 pips of the spot price. That could help keep price action more contained around current levels, particularly with markets awaiting major central bank decisions later this week. Having said that, the technical downside momentum looks to be taking over again for EUR/USD and that could open up a push towards testing the month’s lows around 1.1111 in the...

This post was originally published on this site.Japan finance minister Katayama is out with another warning to markets today, reaffirming that Tokyo remains ready to step in if necessary to defend the yen. Her comments: Government stands ready to take decisive action in the FX market Always watching market moves with a high sense of urgency, including at this very moment Must ensure yen movements reflect economic fundamentals Hopes to maintain market trust in the yen and the Takaichi administration’s fiscal policy through transparent, consistent communication Her remarks are not anything that we haven’t heard of before. But as always,...