The rate for several years, the last days mostly very good data from the US, soothing on the stock markets, and surely the ECB's dissatisfaction with the development of the euro favor me in the next days rather price correction back to 1.22-1.23 bands. Also current technical bear signals indicate a possible downward correction.
After closing the Eurodolar long positions of the week, Wednesday's accumulated smaller short positions. Even the foundation, and the ECB would still be holding the euro for a while.
The currency pair USD / JPY has fallen sharply over the past few days to a medium-term strong support area. This was due to the exaggerated but short-term weakening of the dollar over the past 8-9 days, as well as to the fall in stocks and thus the preference of a safe Japanese yen.
However, the situation may seem to stabilize today. For the further strengthening of the Japanese yen, I still do not see a serious reason, and the correction of the weakening dollar should bring this curr…