EURUSD, USDJPY & GBPUSD Technical Analysis: USD Firmer into North American Session
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USD firmer into the NA session, supported by weaker UK inflation and higher US yields, with EURUSD edging lower to 1.1714, holding above 1.1700 and key midpoint support ahead of an ECB decision expected to leave rates unchanged with a data-dependent tone.
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USDJPY softer at 155.45, trading between the 4-hour 200-bar (155.265) and 100-bar (155.700) MAs, as sellers continue to lean against resistance, while markets price a 25 bp BoJ hike on Friday and focus on forward guidance.
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GBPUSD the weakest major, down to 1.3335 (-0.63%) after softer-than-expected UK inflation, reinforcing expectations that the BoE could cut rates tomorrow and keeping the bias tilted toward future rate cuts.
IN the forex as the NA session begins, the USD is higher helped…
