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Forex Flash: USD/JPY may shrug off downside probes post G20 - OCBC Bank

Emmanuel Ng of OCBC Bank notes that post G20, USD/JPY may continue to reject strong downside probes ahead of the probable announcement of the next BOJ governor with topside resistance expected at 95.00 and then at 95.35.

He writes, “Meanwhile, key support for the pair is not expected till 91.00. Net speculative JPY shorts on the CFTC front were pared in the latest week but this is not expected to impart much downside potential at this juncture.”

Forex: EUR/USD in sharp rally little after EMU data

Pressured on the European opening to as low as 1.3322, the EUR/USD is surprising everyone with a quick and sharp rally from below 1.3340 to as 1.3380, for now. Extreme volatility in a day with an empty calendar and the US and Canada off on holidays.
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Forex Flash: Yen selling resumes following G20 meeting - BTMU

Lee Hardman, FX analyst at the Bank of Tokyo Mitsubishi UFJ notes that the Yen has continued to weaken following last week´s G7 & G20 meetings passing with displaying significant international concern over the yen’s recent sharp decline which is encouraging renewed yen selling in the near-term.
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