Not much to add to this morning’s discussion of levels for today.
87.35 is support (but you can boost it a little higher to 87.40/45 – with stops below from day traders). The selling expected from 87.80 to 88.00 came in a fraction lower (high of 87.78). These bouts of selling ahead of big figure changes have been speed bumps only during this trend – this looks set to continue as while the BOJ is looking for opportunities to ease further the minutes from the Fed meeting of December 11 and 12 show the mood in the Fed may be swinging to a little more hawkish.
