Latest Market News: 27th June 2023

Markets in Limbo as people wash through the events of Wagner and Russia over the past few days. There really doesn’t need to be anything more said on the momentary Wagner upheaval. It is all over. The leader either in hiding or on his way to exile in Belarus. The troops returning to normal duties and also relieved.

Events in Russia have had little discernible impact on the FX market so far. Instead, the hot topic of high inflation and what policymakers are prepared to do about it remains the market's priority. This will be at the top of the agenda at this week's ECB's annual symposium in Sintra. Expect another mixed week in FX markets and possible BoJ intervention.

EURJPY Forex Analysis - Trend Continuation Targeting 158.59 Weekly Resistance

Watching for price to decline and hold at this intraday support area for a further advance targeting a move back up the range.

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