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Key Points
- Japan's Finance Minister, Katsunobu Kato, stated, "The yen has recently exhibited unilateral and rapid movements. Appropriate measures will be taken to curb excessive currency fluctuations."
- The U.S. Commerce Department reported that the November Personal Consumption - Expenditures (PCE) Price Index rose by 0.1% month-on-month, falling short of market expectations.
- Austan Goolsbee, President of the Chicago Federal Reserve, remarked, "U.S. inflation remains on a slowing trajectory toward the 2% target."
Major Economic Events
+ December 23: UK Q3 GDP
+ December 25: Christmas
+ December 26: Boxing Day
EUR/USD Chart Analysis
After breaking out of its previous upward trend, the pair is now in a consolidation range. A rebound from the lower levels suggests potential upside to the 1.06000 line. However, if it fails to break the resistance, there’s a high likelihood of breaching the bottom and exiting the range, potentially extending losses to the 1.01000 level.
Conversely, if it breaks above the 1.06000 line, further gains toward the 1.08000 level can be expected.
If movements deviate from expectations, we will promptly revise our strategy.
