Flash: EUR/USD targets 1.2850 intraweek – Westpac

FXstreet.com (New York) - According to Global FX Strategist Sean Callow at Westpac, “Any bounce on the steady hand from ECB Draghi on will likely be a sell for the EUR/USD (say 1.3100/50), targeting 1.2850 multi-day/week.”

Moreover, relative growth should chip away at EUR while German election campaign limits wiggle room on emerging concerns over Greece and Cyprus funding.

In terms of the USD/JPY, “Fed ‘tapering’ talk should lend support into June NFP but persistent JP sales of foreign bonds should slow the pace of gains near-term. Look for dips sub-98 to find buyers, offers either side of 100.”