Forex: EUR/USD keeps the red on ECB decision

FXstreet.com (Barcelona) - The single currency attempted a tepid rebound to the area of 1.2830 after the ECB left unchanged the repo rate at 0.75% on Thursday, broadly in line with market consensus. Market participants would now shift their focus on the press conference by President M.Draghi, with recent events in Cyprus in the limelight.

At the moment, the cross is losing 0.25% at 1.2815 and a breakdown ofc1.2751 (low Mar.27) would open the door 1.2730 (low Nov.19) and finally 1.2680 (61.85 of 1.2042-13711).
On the flip side, resistance levels line up at 1.2878 (high Apr.2) followed by 1.2890 (MA200d) and then 1.2920 (MA21d).

Apr 4, 2013

Forex: USD/JPY upside stable at 95.50 ahead of US money

After the rally from just below 93.00 to 95.67 high on the surprising announcement of the BoJ decision, surpassing the already high expectations, the USD/JPY is stabilizing around 95.50, +2.60% on the day.

Forex: EUR/JPY holds onto gains at 122.26/28 after ECB

The EUR/JPY declined sharply off the 122.72 handle (session high) Thursday, following the BoJ decision. However, in the aftermath of fellow central bank the ECB, the pair has oscillated slightly to trade at 122.26/28, recording gains of +2.28%.