Okay, I thin we know how this is going to end, with the greenback well supported and the commodity currencies doing well on the JPY crosses.
US bonds retain a very firm tone yield-wise in a holiday-thinned session. 2-year notes are up to 1.10% while 10s are yielding 3.945%, the highest in eleven months.
1.3460 is the next area of support for EUR/USD while 94.90 and 94.19 are resistance in USD/JPY. 95.00 barriers are rumored to be lumpy, so perhaps a bit of central bank selling will cool the rally and spawn a period of consolidation for a few days to allow the market to catch its breathe.
Happy Easter to all and see you back here on Monday. Sean will be manning the screens on Monday while Gerry has promised a cameo appearance. I’ll be here all day…
