Forex and Bitcoin news from the European morning trading session 21 Feb 2018



USDJPY failed into 108.00 and has fallen back to 107.45 as I type while USDCHF has remained underpinned above 0.9350 albeit failing to breach 0.9400 again.

Elsewhere GBP pairs saw most of the volatility with a soggy UK jobs report and less than impressive wages ( steady but still behind inflation) giving GBPUSD a slap down to 1.3927 from early highs of 1.4000 area. EURGBP had held 0.8800 but then tested 0.8860 res/offers while GBPJPY fell to look at 149.75 from 150.20.

We're ranging though still and with various reports/leaks on Brexit transition period issues we've been back to 1.3950 before another test of 1.3900. GBJPY still a little soggy though as yen demand prevails.

EURUSD has been largely on the back foot again but option expiry defence in play around 1.2300 tempered by EURJPY supply.