Unsurprisingly most of the major pairs are where we left them yesterday although there were of course a few last minute fund manager flows. USD/JPY failed in its attempt to break above 91.60 and has now posted an ‘outside’ month, which is bearish in some eyes but less effective in a sideways or bearish trend in my view. Cable has rebounded after the stop-loss driven sell-off yesterday morning and the others are more or less unchanged.
Good luck today.
