The JPY crosses were meandering happily along until a few minutes ago when EUR/USD fell 30 pips, AUD/USD fell 25 pips, cable got crunched again, falling to 1.6210 and USD/JPY also fell 15 pips. An almost exact carbon copy of what happened yesterday in early European trade. There should be lots of volatility in the cable today and traders are wary of Sovereign bids, although no-one is able to give me any specific levels yet.
ps Unfortunately Gerry is still unwell and I will cover for the next few hours. Once again, all help is gratefully accepted.
