2024-03-04
EBC Forex Snapshot, 4 Mar 2024
The US dollar drifted within a tight range on Monday, pressured by lower Treasury yields, while the Japanese yen fluctuated around the closely watched 150 per dollar level.
BOJ governor Kazuo Ueda last week said that the central bank’s price target is not already in sight, a comment that contrasted with hawkish remarks from BOJ board member Hajime Takata earlier.
The country’s factory output fell at the fastest pace since May 2020 last month, according to the METI. The ministry also downgraded its assessment of industrial output for the first time since July last year.
| Citi (as of 26 Feb) | HSBC (as of 4 Mar) | |||
| support | resistance | support | resistance | |
| EUR/USD | 1.0694 | 1.1017 | 1.0724 | 1.0919 |
| GBP/USD | 1.2476 | 1.2827 | 1.2552 | 1.2729 |
| USD/CHF | 0.8551 | 0.9013 | 0.8752 | 0.8903 |
| AUD/USD | 0.6443 | 0.6624 | 0.6444 | 0.6598 |
| USD/CAD | 1.3379 | 1.3586 | 1.3461 | 1.3629 |
| USD/JPY | 146.09 | 151.91 | 149.24 | 150.93 |
The green numbers in the table indicate that the data has increased compared with the previous time; the red numbers indicate that the data has decreased compared with the previous time; and the black numbers indicate that the data has remained unchanged.
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