I really hate month end, and this time round it’s being compounded by fact it’s quarter end as well!!!
I get told month end flows, which experience tells me I should ignore and life just seems to get that little bit more complicated.
Well we’ve been up to have a look at the aforementioned sell orders at 1.4190/00 (1.4191 high so far) and they’ve proved durable first time round. We’re presently back at 1.4183.
I’d hazard a guess some light stops just above 1.4200, but I have no confirmation of such. Talk has more sell orders clustered up at 1.4220/30.
As regards month end flows, hearing mutterings of sell interest in USD/JPY to be done. Do I totally trust the mutterings? Not really, but thought I better mention it. We sit at 82.75, unchanged on the day. If the pairing happens to crap out at least you’ll have some idea what’s going on, but don’t hold your breath
