The pair euro/dollar was hit by the weak TLTRO auction results. The lending volume amounted only 82.6 billion euro, while economists expected about 150 billion euro. It again calls into question the ECB effective measures that were taken into account. The profitability differential on the US and Germany 10-year bonds was again expanded, that will provide some support to the American dollar.
It is advised to consider a downward trade with the first target 1.2810. When the pair consolidates below the first target, we can start a deal to the level of 1.2760.
The GBP/USD showed a steady increase awaiting the referendum final results. According to the preliminary data, the minority voted for the Scotland independence. Based on these rumors, the pound/dollar has grown rapidly. Then the pair sharply decreased.
It is advised to consider an upward trade with the first target 1.6450. When the pair consolidates above the first target, we can open deals to the level of 1.6530.
The yen fell against most major currencies after the Bank of Japan governor Haruhiko Kuroda confirmed that a monetary policy easing would be continued as long as inflation did not stabilize at 2%. At the moment the Japan's Central Bank keeps the unchanged policy to increase the monetary base by 60-70 trillion yen per year. The next Central Bank meeting will be held on October 6-7.
It is advised to consider upward trade with the first target 110.50.