EUR/USD made a quick sprint to the 1.4725 level where yet another barrier was rumored. We dipped back to 1.4700 after a collecting another pelt…US equities continue to grind higher, making a fresh 2009 high at 1065 so far while gold remains at 1017.
Traders continue to fade EUR/USD and get stopped out at each subsequent technical inflection pint. Same as it ever was.
Just crossing the wires, Japanese FinMin Fujii says he has not changed his stance against forex intervention from earlier today. Glad to see him sticking by his guns…;)
He also says it is is no good to weaken the JPY just to boost exports. Tell it to the Chinese, bub…
