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Fundamental Analysis Posted 5 hours ago

European FX Markets Consolidate as US Observes Juneteenth Holiday

News
European FX markets traded quietly on Friday as US Juneteenth kept American participants sidelined, limiting liquidity and price action. ECB policymakers Wunsch and Lane commented on inflation, with Wunsch warning further tightening remains possible on upside surprises. USD/JPY hovered near its highest level since 1986, driven by widening Fed-BOJ policy divergence. EUR/USD and GBP/USD face directional pressure from ECB rhetoric, while USD/JPY remains the standout mover. Traders should monitor thin liquidity conditions and any follow-through in JPY weakness, as the pair's multi-decade highs signal potential for sharp moves on resumption of full US market participation.
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@asuquokelvin · 5 hours ago

As long as he's still holds strong usdjpy will still see more further upside

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