EUR/USD closed at 1.1194 after falling 0.0029 today, or 0.26%, GBP/USD closed at 1.3347 after slipping 0.0035, or 0.26%, and USD/JPY closed at 157.49 after rising 0.68, or 0.43%. The week’s setup is defined by nearby support, a rebound into resistance, and policy risk. 📉📊

USD/JPY stood out as the most notable mover, recovering on the day but still remaining below its fifty-day average at 157.59435 and its two-hundred-day average at 158.55032. The bounce has not yet reclaimed the level that would open the door to a stronger short-term recovery.

For EUR/USD, the decisive level is 1.1185, the bottom of its five-session range, and price is currently above it at 1.1194. The ECB has a two-day monetary policy meeting on Wednesday, October 28, and Thursday, October 29, with the policy decision scheduled for Thursday at 14:15 Central European Time and the press conference at 14:45.

What remains unresolved is whether 1.1185 for euro-dollar, 1.3342 for cable, and 157.59435 for dollar-yen will hold or give way before the week’s policy events land. The Money Mosaic examines whether range lows break, whether the fifty-day average caps USD/JPY, and how the Federal Reserve, ECB and Bank of Japan shape the next move.

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