The dollar has come under accelerated across the board pressure, underminned by speculation the Fed is getting close to signalling further QE.
Barriers at 1.3200 in EUR/USD have been popped, with large French bank notable buyer in recent trade.
USD/JPY dipped briefly below 86.00 (session low 85.92) where it promptly ran into aforementioned sovereign buy orders. Not much of a bounce as yet though, presently at 86.00.
Cable meanwhile has continued it’s sojourn higher. We’re presently up at 1.5955. Barrier interest up at 1.6000 is said to be sizeable.
