BIS in again buying EUR/USD. Another strong buyer noted.

EUR/USD has extended it’s rally, presently at 1.2245.

Sources report BIS buying again in recent trade. Also talk a large French bank has been notable buyer in recent trade. Interestingly enough a French bank is known to do a fair amount of China’s business. Just can’t remember if this is the same bank. Memory loss is the curse of the ageing.