The EUR bids at 1.4500 have finally given way, with a sharp fall to 1.4485 as we speak. Not a huge follow thru, but enough to trigger stops below. Look for sovereign bids at 1.4460-80 area to be tested next. The dollar index is trading above 77.00, the highest in over two months.
USDJPY however is struggling to break up thru 90.00, where solid offers line that level. I think it may be rejected once more with pressure on EUR driving EURJPY lower. Under 129.90 could see 129.50 very quickly.
