* RES 4: 132.42 2.000 proj of the May 14 - 20 - 22 price swing * RES 3: 132.00 Round number resistan...
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Estox 50: +0.41%, Dax: +0.61%, CAC: +0.35%, FTSE +0.20%, SMI +0.37%.
A bullish theme in EURJPY remains intact. The latest recovery from the May 23 low, signals the end of the corrective pullback between May 13 - 23. If correct, the move higher also marks a resumption of the uptrend. Key short-term support lies at 161.09, the May 23 low, where a break is required to highlight a stronger reversal and suggest scope for a deeper correction. Sights are on 165.21, the May 13 high and bull trigger.
GBP STIRs essentially unchanged with Bund futures off overnight lows, aided by U.S. President Trump’s critique of Chinese counterpart Xi.
BoE Meeting | SONIA BoE-Dated OIS (%) | Difference vs. Current Effective SONIA Rate (bp) |
Jun-25 | 4.219 | +0.8 |
Aug-25 | 4.077 | -13.4 |
Sep-25 | 4.034 | -17.7 |
Nov-25 | 3.896 | -31.5 |
Dec-25 | 3.823 | -38.8 |
Feb-26 | 3.717 | -49.4 |
Mar-26 | 3.703 | -50.9 |