EUR/JPY drifting lower
Afte posting a high above 130.60 earlier in the session, EUR/JPY is 100 pips lower and the EUR has also lost ground against the other majors. Range trading remains the order of the day for the EUR/USD with 1.3850/1.4050 looking like the obvious short term range. Now that we are back almost in the middle, tossing a coin looks like a good bet for future direction. USD/JPY bids around 92.70 should provide a base heading into European trade and the big option expiries later today in NY around 93.20 should ensure that the pair remains fairly rangebound for the rest of the day.

AUTOREFRESH 













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