The early interbank market is relatively quiet this morning (no doubt watching Germany thrash Australia) and the only movement so far has been a slight firming in the JPY crosses. This is normal fare as some accounts will go short these pairs into the weekend just in case some risk-off event occurs. When it doesn’t, they cover on Monday morning.
AUD/USD is at .8530, back to its strong resistance level, EUR/USD is at 1.2115, cable at 1.4545 and USD/JPY at 91.85.
Good luck today.
