USD demand still prevailing as we wait on ECB

USD buyers still in control 8 March

USDCHF forging ahead still at 0.9465, USDJPY nudging up to 106.13 but both capped by CHF and JPY demand on the cross pairs.

GBPJPY down to 147.10 helping to push GBPUSD down to 1.3865 again. Demand/support at 147.00 and 1.3850 lurking though still.

EURJPY down to 131.25 and EURUSD posting new session lows of 1.2369 as a little money comes off the table into the ECB at 12.45 and 13.30 GMT. EURGBP steady though around 0.8925

USDCAD taking advantage to post 1.2952 from 1.2920 having found a good base at 1.2880 in early trading. Offers/res nearby at 1.2960 though.

I've highlighted the inherent CHF weakness (hello SNB) a few times recently and that USDCHF is helping to put a bid under the greenback generally.

Most pairs ranging still though so let's not get too carried away by breakouts just yet.