The Dollar-Index is up 0.30% this morning which was not to be expected after the weaker Friday close. CPIs came in just at consensus (6.8% YoY) and were used as a reason to sell the dollar continuously into the close. With the reality of a FED meeting this wednesday the market changed its mind and is pricing in an hawkish Powell.
EURUSD -- 1.1275
The currency pair trades in bearish territory below the 1.1300/1.1290 mark. Next support levels are 1.1261 and 1.1235 whereas rallies should be capped at the 1.1324 resistance for now. I do not expect a sustainable breakout down or up until wednesday.
USDJPY -- 113.67
The rally from 22sep (lod 109.12) to 24nov (hod 115.52) has finally lost momentum in the last two and a half weeks. Nevertheless the pair is bid above the 50 ema (113.27) and the 112.72/53 support zone.
Good luck,
Sebbo