EUR/USD eyes ECB decision; AUD/USD and GBP/JPY show key sentiment shifts

Major forex pairs are experiencing notable sentiment shifts ahead of today's ECB meeting and US CPI release. EUR/USD trades at 1.0955, with markets expecting the ECB to cut rates by 25bps to 3.25%, potentially weighing on the euro. AUD/USD has gained 0.4% to 0.6685, supported by positive risk sentiment and expectations of dovish US inflation data. GBP/JPY surged 0.6% to 186.50, benefiting from yen weakness as BoJ officials signaled no rush to raise rates further. The Nasdaq 100's 1.2% overnight rally improved risk appetite, supporting high-beta currencies. Technical patterns suggest EUR/USD faces resistance at 1.0980, while a break below 1.0930 could accelerate declines. AUD/USD shows bullish momentum targeting 0.6700, and GBP/JPY eyes the 187.00 level. Today's ECB decision and US CPI will likely determine whether these sentiment shifts persist.