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Forex pairs in this Article » EUR/USD, USD/JPY (Barcelona) - Danske Bank Strategists note that the FX markets are probably well prepared for Fed tapering tonight and the market impact should be relatively small.

Key Quotes

“However, given the very flat US money market curve our fixed income analysts see the risk tilted to the upside for short rates.”

“Hence, if anything, we see risk tilted to the downside for EUR/USD today and to the upside for USD/JPY.”

“In respect of EUR/USD we also note that it seems that strong resistance is found around the 1.38-level.”
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