The jockeying for position that I mentioned earlier is still going on with traders understandably cautious given the day’s volatility thus far.

EURJPY is suffering again as USDJPY fails to hold above 102.50 but similarly EURUSD is struggling to make the most of the weaker US data.

Buyers are reported to be queuing up between 131.50-70 with 132.5o still attracting barrier option related selling

eurjpy bids 15 may