EUR/USD is back higher than yesterday’s closing level in Asia after a frantic sell-off during the early London session was reversed by short-covering during the NY session. Volatility is picking up but its certainly not easy to pick the direction. Fridays usually see some risk averse trading conditions in Asia and with US yields softening again, the downward pressure on USD/JPY might spill over into the crosses.
Good luck today and TGIF
