Coincidence? Maybe, but it looks as through 1.3350 and 82.25 vanilla expiries (plain puts and calls, nothing exotic) kept the market in check for a time and now the buck is swimming in less crowded waters.
The USD/JPY rally is a bit of a surprise given the soft Chicago PMI data but sometimes what can’t go down, must go up…
Small bids are seen in EUR/USD at the 1.3325/30 area. Offers are seen toward 82.50 in USD/JPY
