Not like there was no action at all on Wed. The EURUSD made quite a swing amid whispers that ECB could revise

GBL: Awaiting Action…

Global Markets Daily by Saktiandi Supaat

FX Research

Not like there was no action at all on Wed. The EURUSD made quite a swing amid whispers that ECB could revise the inflation outlook lower given weaker energy prices. The pair pulled back towards the 1.12-figure at one point in late Asia yesterday before making a complete reversal back towards 1.1280, last seen tapering off around 1.1250-levels, underpinned by bargain hunters ahead of ECB meeting today. USDJPY seemed to have made a tentative base around 109-figure, unperturbed by the...