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EUR/USD extends uptrend after channel breakout – Société Générale

EUR/USD has broken above the upper boundary of a descending channel, extending its upward momentum while holding support at 1.1550, Société Générale's FX analysts note.

Momentum pushes EUR/USD toward 1.1730

"EUR/USD recently defended the ascending trend line established since August and gradually crossed the upper boundary of a descending channel. The upward momentum is extending following this breakout."

"The recent pivot low at 1.1550 acts as a short-term support. Defense of this could result in continuation of up move towards 1.1730, followed by the upper limit of its multi-month range near 1.1800/1.1830, which could be an important resistance zone."

USD weakens below 99 as dollar sell-off continues – MUFG

The US Dollar (USD) fell below 99, benefiting the pound, NOK, AUD, and NZD, amid signs of weak labor demand and easing service-sector inflation pressures.
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USD/JPY falls below 155 amid softer US Dollar – MUFG

USD/JPY dropped below 155 as a weaker dollar and lower US yields provided support, while markets anticipate a potential BoJ rate hike.
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