USD/JPY: Fade Breaks Of 113; EUR/USD: Higher Lows Likely Into Next Week's FOMC - TD

TD Research summarizes its tactical views on EUR/USD and USD/JPY into next week's FOMC meeting.

"Next week's Fed meeting is the appetizer to the mid-term entree in Nov. Still, the break of the 1.1750 level is important for the EUR, suggesting we could see higher lows there moving forward.

A mix of higher global rates and equities is a bad mix for the JPY, though it is decoupling from cyclical drivers that point to 111.40. We fade breaks of 113," TD argues.