It's all about USD selling again this morning 3 May

Led by USDJPY falling to 105.77 we've now seen EURUSD edge higher to 1.1564 and GBPUSD race through decent offers into 1.4700 to post 1.4725 bang on where the next layer of sellers are waiting.

Currently 1.4714 there's no denying the underpinned state of this pair tight now as USD sellers seize the day. I've said for a while that there's great two-way business to be had and that's not going to change any time soon.

AUDUSD edging up to 0.7584 having held 0.7550 and AUDJPY hanging on to 80.00.