The dollar remains firm. Economists at BBH expect the EUR/USD pair to test the March 7 low near 1.0805 while GBP/USD could tackle the September 2020 low near 1.2675 on a drop below 1.30.

USD/JPY set to test last week’s high near 125.10

“The euro remains heavy. A test of the March 7 low near 1.0805 is still in the cards.”

“The relentless rise in USD/JPY continues as it is up for the sixth straight day. We look for a test soon of last week’s high near 125.10.” 

“GBP/USD should break below last month’s cycle low near 1.30, which would set up a test of the November 2020 low near 1.2855 and then possibly the September 2020 low near 1.2675.”