Dealers note talk of offers trickling in now at the 1.2900 level on rallies, an area where Eastern Europe central banks have been particularly notable sellers on recent rallies. Sellers are seen at 1.5000 in Cable at the moment as well. In EUR/CHF, options defense is spotted ahead of 1.5640.
Stocks will be the touch-stone today. Continued rallies in the US will help firm up support for commodity currencies and undermine the greenback generally. The JPY will be the main loser.
