As Jamie reported in his wrap just below, there are rumoured to be some knock-outs in EUR/JPY at or around 135.00. This should ensure a fair amount of liquidity today as players defend, attack and reload. USD/JPY had a quiet session in NY, yet again, and all the volatility in EUR and GBP came during the early European rush.
I am persisting with my short cable strategy but what looked like a really good average yesterday morning now looks pretty ordinary. I’ll start getting out above 1.6600 and go hide in a corner for a few days.
Good luck today.
