Well the EUR/USD rally has just stalled around 1.2950 and just short of the o/n highs around 1.2961. Still somewhat bemused as to what’s behind this but EUR/JPY looks a likely culprit and eurostoxx are up around 0.8% last time i looked.
EUR/JPY has just broken up through the Asian highs of around 101.66 to 101.82 before stalling (which not altogether surprisingly coincides with the 200 day MA) and i’d guess earlier reported sellers in Asia back- tracked as well through 101.50.
Either way it’s a pleasure to see some sort of a move on a Monday morning…
