I’m beginning to get more of a picture as to why some people inside the market expect the EUR/USD and the EUR/JPY to rally soon.
- Solid corporate-type bids in the EUR/USD around 1.3450, with stops building above 1.3510 and 1.352.
- EUR/JPY sees stops starting above 125.25 and building up through 126.00. Downside orders are cleaned out by all accounts
- USD/JPY saw some stops triggered this morning but there are more above 92.85 through 93.00.
