Page 3 - Chart Compiled Using News Today

USD/JPY has stuck to narrowing ranges as November’s significant peaks come back into view

Neither Pound or Dollar have a lot to look forward to in terms of tradable data points this week, which may leave the technical in charge.

With the US out for the Presidents’ Day holiday, the Euro failed to make back early lost ground.

Markets have been braced for a withdrawal from the longest period of easy monetary policy by any central bank. Japanese growth data numbers make that less likely

The Euro has clawed back a bit of lost ground as it becomes clear that rates are going nowhere fast on either side of EUR/USD

Sterling bulls had a reasonable start to trade Thursday but couldn’t hold on as the session’s US data came in

The Japanese Yen has been more stable than most in the face of a broadly stronger Dollar, with the prospect of tighter BoJ policy underpinning it

GBP/USD is like all other major pairs focused on the extent to which the Fed will underwrite the markets’ new rate-cut views

Both the Federal Reserve and the Bank of England will give their first 2024 rate calls this week. Neither is expected to cut rates, but both may indicate willingness to.

The Pound and the Dollar will both look to their respective central banks this week. Market rate pricing probably poses the biggest risk.