US Dollar Index (DXY)
What moved it: The dollar is holding firmer as markets digest last week’s Fed cut and look to a heavy slate of Fed speakers for guidance on the path ahead. In early Asia trade, DXY hovered around 97.7–97.8.
Technical Outlook:
- If DXY reclaims 99.00 and builds above it, a squeeze toward 100.20 and 101.85 can follow.
- If it slips back below 97.70, watch 96.90–96.60 as the next support pocket.
EUR/USD
The euro eased to about 1.173 as the dollar steadied, with the ECB still seen on hold after August inflation ticked near target and officials kept options open. impact on exports and inflation.
Technical Outlook:
- Holding above 1.1666 keeps bulls in control, with room toward 1.1850 then 1.1915.
- A drop back under 1.1666 would refocus 1.1484 and 1.1540–1.1500 as support zones.
USD/JPY
The pair trades near 148.3 after the BOJ kept rates steady and signalled a gradual unwind of ETF holdings, while broader dollar tone firmed.
Technical Outlook:
- A break above 147.50–148.00 is in play; sustained upside puts 149.24 then 152.05 on the map.
- Failure back below 147.50 would expose 146.44, with 142.08 as the deeper support to watch.
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