What is FX today's market? The euro-dollar fell and then surged, a rollercoaster
This today's Euro/Dollar market suggests that options around 1.100 are set for the 10th, 12th, and 16th, with particularly strong efficacy expected on the 12th. The move to test this 1.100 continues, and a breakthrough could lift the futures price to 1.1087. Furthermore, with upside room up to 1.1145 at most, future movement should be watched closely. The current slow decline is viewed as part of a pullback, and we are at a stage where we are timing a rebound.
Currently, the USD/JPY is on a downward trend, but the Nikkei average has shown strong gains toward filling the recent gap, temporarily limiting the decline in USD/JPY. While the Nikkei average positively affects the overall market, it is highly likely that the futures price of USD/JPY could eventually fall to 140.90. To gauge future movements, it is important to continue monitoring the Nikkei average.