I left for 7 hours kip with EUR/USD at 1.2115 and that’s where I find it now, with Asian trade confined to a fairly narrow 1.2094-1.2148 range. Well it’s Friday, which has tended to be risk-off Friday of late if my memory serves me correctly. Will be interesting to see if the better general sentiment we’ve experienced of late can last out the day.

Not much in way of euro zone data to whet the appetite:

06:00 GMT: German wholesale price index for May expected +0.2% m/m, +6.1% y/y

06;45 GMT: French CPI for May expected +0.2% m/m, +1.7% y/y

Talk of sell orders layered up at 1.2150 to 1.2175.