EUR/USD sits at 1.4605, exactly where it was when I started my day. Trading is being confined to a narrow range so far. The market still seems to have a general downer on the dollar, but aforementioned sovereign sell interest (with China’s name prominent) up at 1.4620/30 has so far proven a durable barrier to the upside.
On the otherhand, USD buy interest is running into renewed sales quickly under 1.4600, result something of an impasse.
Elsewhere, aforementioned sell stops below 91.00 in USD/JPY have been triggered. We’ve been as low as 90.79 so far.
