Episode Details

The episode covers euro-dollar, cable and dollar-yen. Euro-dollar closed at one point one five four on Monday, down zero point zero zero three four, or zero point zero two nine percent, while cable finished at one point three four eight six, down zero point zero zero one nine, or zero point one four percent, and dollar-yen ended at one hundred fifty-four point fifty-eight, up zero point five, or zero point three three percent 📉📈 Dollar-yen stands out for pressing the top of its five-session range, with the move running from one hundred fifty-two point ninety-four to one hundred fifty-four point seventy-four. Price is still below both the 50-day average and the 200-day average, so the recent rise is testing resistance rather than confirming a broader turn. The most pivotal level is euro-dollar’s five-session range low at one point one five three six, and price is just above it. The Federal Reserve’s two-day meeting runs from Tuesday, September 15, to Wednesday, September 16, with the decision and press conference on Wednesday, then euro-area consumer-price data is scheduled for Thursday, September 17, at noon central European time. What remains unresolved is whether one point one five three six for euro-dollar and one point three five for cable will hold, and whether one hundred fifty-four point seventy-four for dollar-yen will break. The Money Mosaic examines where the levels sit, which catalysts could force the issue, and what the week may reveal by Saturday.