Asian sovereign accounts have been content to book profits in EUR/US this morning despite the upbeat tone in the “risk trade”. Having scooped up EUR/USD the other day at 1.3930, why not let a few go near 1.4100? Happy days…IF and when they run out of ammo, there is not much holding EUR/USD back from a technical perspective until 1.42.. Maybe poor US industrial production could turn the tide, though…