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EUR/JPY Price Forecast: Could target record highs on a successful break above 177.00
EUR/JPY extends its gains for the third successive session, trading around 177.00 during the European hours on Thursday. The technical analysis of the daily chart indicates that bullish bias is strengthening as the currency cross remains within the ascending channel pattern.

USD/JPY: Interim upside risks - OCBC
USD/JPY continued to trade higher post-parliament vote but the move higher was also driven by the broad rebound in USD, instead of just policy uncertainty. Pair was last at 152.59 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.

TRY: We expect a sizeable rate cut again today - Commerzbank
The median consensus on Bloomberg anticipates a 100bp rate cut by the Turkish central bank (CBT) today, to 39.50% repo rate. But there is a wide range of analyst forecasts - ranging from unchanged to 250bp rate cut.

BoE: Over the hump? - Standard Chartered
Recent data flow - particularly wage growth and CPI - supports our December rate cut view. Risk of Nov cut rising but MPC is likely to wait for budget; risk of delay to Feb depends on incoming data.

USD: Holding pattern - ING
Based on yesterday's price action, we reiterate our view that the USD's rebound is getting tired and probably requires some hawkish repricing to keep going. As discussed over the week, we don't think tomorrow's US CPI will offer that opportunity as we expect a consensus 0.3% MoM core print.

EUR/USD: Likely to trade in a range between 1.1580 and 1.1625 - UOB Group
Euro (EUR) is likely to trade in a range between 1.1580 and 1.1625. In the longer run, downward momentum is building; EUR is likely to trade with a downward bias, potentially retesting the 1.1540 level, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

AUD/USD gains sharply to near 0.6510, broadly remains confined ahead of US inflation data
The AUD/USD pair trades 0.3% higher to near 0.6510 during the European trading session on Thursday.

TRY: Uncertain size of rate cuts after higher-than-expected inflation - ING
The Central Bank of Turkey will decide on another rate cut today. We expect a 150bp rate cut to 39%; however, the story is more unclear than usual.

USD/CHF eases from 0.7980 following the release of the SNB minutes
The US Dollar remains firm against the Swiss Franc.

EUR: Heading into a non-event ECB - ING
EUR/USD is hovering around 1.160, a level that, in our view, can work as an anchor again today and possibly for a few more days should US CPI fail to add much to the US Dollar (USD) narrative, ING's FX analyst Francesco Pesole notes.

Pound Sterling wobbles against US Dollar as focus shifts to US inflation
The Pound Sterling (GBP) trades in a tight range around 1.3350 against the US Dollar (USD) during the European trading session on Thursday.

EUR/GBP Price Forecasts: Trapped in a tightening range around 0.8700
The Euro is giving away most of the gains taken on Wednesday on Thursday, amid the softer-than-expected UK inflation data, and returns below 0.8700.

SNB minutes rule of fears of inflation remaining persistently negative
The latest minutes from the Swiss National Bank's (SNB) September monetary policy meeting express that interest rates won't fall into negative territory as inflationary pressures in the economy are not expected to become persistently negative.

USD/CAD Price Forecast: Remains below 1.4000, tests lower ascending channel boundary
USD/CAD moves little after two days of losses, trading around 1.3990 during the early European hours on Thursday. The technical analysis of the daily chart suggests a weakening of a prevailing bullish bias as the pair is attempting to break below the ascending channel pattern.

EUR/USD ticks lower as US Dollar edges up amid fresh trade tensions
EUR/USD drifts lower at the European session opening on Thursday, trading right below 1.1600 at the time of writing, down from the previous day's highs at 1.1620.

Forex Today: Choppy action continues ahead of US housing data
Here is what you need to know on Thursday, October 23:

FX option expiries for Oct 23 NY cut
FX option expiries for Oct 23 NY cut at 10:00 Eastern Time via DTCC can be found below.

NZD/USD holds steady below 0.5750, US-China trade talks in focus
The NZD/USD pair trades on a flat note near 0.5735 during the early European session on Thursday. The US Dollar (USD) steadies against the New Zealand Dollar (NZD) as traders remain on edge ahead of delayed US inflation data and upcoming US-China trade talks.

EUR/USD edges down to near 1.1600 as US Dollar bounces back, US inflation data in focus
The EUR/USD pair ticks lower to near 1.1600 during the late Asian trading session on Thursday. The major currency pair faces slight selling pressure as the US Dollar (USD) gains ground after Wednesday's corrective move.

AUD/JPY Price Forecast: Extends the rally, first upside barrier emerges near 99.50
The AUD/JPY cross trades in positive territory for the fifth consecutive day near 98.85 during the early European session on Thursday.
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