Today’s highlights:
USDJPY rallies sharply overnight, but above 103.40/68 is needed for a better base.
EURJPY should extend its rally to its 55-day average at 141.22/28, which is likely to cap at first.
AUDUSD above .9079/87 can see a better base for .9209/14.
GBPUSD has surged above the 1.6748 peak of 2011, and we stay bullish for 1.7044, then our 1.7330/32 core target.
EURGBP is expected to see an eventual break below key support at .8165/55, for a decline to .7800
EURUSD needs to break above 1.3735/37 for a better base.
USDCAD is expected to extend its corrective setback to 1.0907, with 1.0832/27 expected to provide a floor.
Read the full report: FX Daily
Credit Suisse