Category forex

ECB Set To Raise Rates

ECB expected to hike rates by 25bp The European Central Bank is poised to deliver a fully priced 25bp hike, shifting market focus to guidance for the path of rates beyond summer. Forwards already discount more than two further hikes this year, which is deemed ambit

USD Edges Higher Against JPY

USD rises 0.12% to 160.36 against JPY The USD is expected to rise gradually against the JPY as long as 160.00 holds. The pair is seen testing 160.75, with the next resistance at 161.00 unlikely to come into view. Support is at 160.35, followed by 160.20.