Forex news from the European morning session 22 January 2015



It’s been scrappy to say the least and understandably so as traders make last minute adjustments to positions and we’ve seen a net fall in the greenback overall

USDJPY had an early look above 118.25 on late Nikkei rally but soon gave up to drop to 117.85 and gave a clue to other pairs to start showing aUSD-neg tones with EURUSD climbing above 1.1600 and GBPUSD to 1.5160. We’ve since been to 117.48, 1.1645 and 1.5213 as the momentum slowly built up

Euro tone has been better mixed overall which reflects the view on the unknowns that are about to be thrust upon us

USDCAD slid in a hurry from 1.2370 to 1.2325 while AUDUSD and NZDUSD both found bids to rally to 0.8135 and 0.7585

But what’s important is what’s coming up now.. and we’re in for a ride and a half