Trading has quietened after the hectic start, EUR/USD steady at lower levels, presently at 1.3925. Selling of European stocks has abated for the time being, and this will be lending likes of EUR/USD and GBP/USD some tenuous support.
Obviously talk of sovereign buy interest in the 1.3900/20 area has also been supportive. I have to admit though I haven’t got direct confirmation of any sovereign interest this morning.
USD/JPY has bounced back a little, presently up at 95.35 from a 95.11 session low. Obviously the defence of said 95.00 option interest has been robust, as expected.
