Sell orders they have at the fixing. Now brokers are trying to match them up with buyers at the fixing. If they are unable. look for another wave of sales at the upcoming 16:00 GMT fixing.
Looks like traders ain’t waitin’ as EUR/USD drops to fresh session lows at 1.4277.
UPDATE: There are also USD/JPY buyers at the fixing as well, we hear with 5 minutes to go before 16:00…
