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Forex Flash: Spanish auctions in focus ahead of ECB - Societe Generale

Kit Juckes, Global Head of Currency Strategy at Societe Generale highlights Spanish 2,5 & 10 year debt auctions this morning ahead of the ECB as being a point to monitor.

He feels that they should pass off ok in the current mood, and then the next step will be Draghi´s speech at 13:30 GMT, assuming no change in rates. He writes, “He has led the market a merry dance in his two meetings this year (hawkish in January, sending EUR/USD up, dovish in February, sending it back down). I expect a neutral/slightly dovish bias and remain bearish of EUR/USD.”

Forex: EUR/JPY up at 122.45/50, looking higher

The EUR/JPY regained 122.00 ground yesterday and after a period of consolidation there, the cross jumped on the European opening, facing 122.45/50 as resistance.
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Forex Flash: Central bank meetings leave pound most vulnerable - BTMU

Derek Halpenny, European head of Currency Strategy at the Bank of Tokyo Mitsubishi UFJ notes that today is the day of major central bank meetings and the BoJ meeting resulted in an unsurprising no change in monetary stance.
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