Traders report a sizable vanilla expiry at 1.4560 this morning. Also of note is talk of a barrier at 1.4660, just below yesterday’s afternoon’s highs. How convenient.
Traders noted selling from the BIS earlier this morning in the high 1.46-teens.
In EUR/JPY, Japanese exporter offers are eyed at the 133.50 level.
Just crossing the wires, a GErman economic think tank, the IWH Institute, raised its 2010 German GDP forecast to +0.9% from +0.2%, giving the euro a boost. We trade now at 1.4612.
