EUR/USD is getting a lift from rumors of a very large EUR/JPY order in the market later this morning and on repeated bounces from below the 1.2800 level. Near-term range tops lie in the 1.2890/00 area for those who are looking to scalp the range. A break of 1.2900 targets 1.2930/40, followed by 1.2980. 1.2840 is modest support on dips near-term,the range highs from earlier today.
EUR/JPY is eyeing 118.90, yesterday’s spike high. We trade now at 118.12.
