US Dollar (USD) could edge higher, but momentum does not appear to be strong enough to break clearly above 156.20. In the longer run, for a sustained decline, USD must first close below 154.65.
The USD/JPY pair gives up some of its intraday gains after posting an intraday high around 156.40 during the European trading session on Tuesday. Still, the pair is 0.12% higher at around 156.10.
The Euro (EUR) is entering Monday’s NA session flat to the US Dollar (USD) with an extension of its recent consolidation in the mid-1.16s, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.