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Forex: EUR/USD Faces 4Q GDP and USD/JPY the BoJ, Both Await Risk

Forex: EUR/USD Faces 4Q GDP and USD/JPY the BoJ, Both Await Risk

John Kicklighter, Chief Strategist

A shift in momentum for EURUSD and the yen crosses this past week is an alluring sign for a long-awaited trend reversal. However, the fundamental developments behind this move and the event risk ahead suggest that this tentative turn can prove a short-term pullback far more readily than a committed trend change. In the weekend video, we discuss the Euro's weak bearish pressure and the necessary catalysts for a long-term USDJPY reversal among other topics.

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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.