Dollar Index Targets 102, Euro and Yen Under Pressure
The Dollar Index holds in a 101-100.50 range but may break higher to 102, weighing on EUR/USD and USD/JPY, with the BOJ expected to intervene above 162.50.
EURUSDUSDJPYDXY
Global equity markets remain mixed as the Dollar Index consolidates within the 101–100.50 range. Analysts see potential for a break higher toward 102 in the coming sessions.
A stronger dollar could push EUR/USD to 1.1475/80 initially before a decline to the 1.14–1.1380 support zone. Meanwhile, USD/JPY has room to rise toward 162–163, with markets pricing a Bank of Japan intervention above 162.50.
Source: FXStreet Forex News