Currencies start to show gains
After a mundane European session some life has been injected into the market. Amongst others, it looks like Lagardes less than flammable comments are being taken as a positive sign of things to come from the G20.
USD/JPY options at 98.00 drew the market down and now the expiry is done we’re posting gains up at 98.30. Offers at 98.50 we’re stalling moves earlier but a re-test cannot be ruled out if momentum continues.
The other Yen pairs are following with GBP/JPY coming off the session lows at 149.50 posting to 150.42. EUR/JPY likewise up from 127.50’s to 128.67. We have the H4 55 ma at 128.85 which has been capping moves for a day or so.
EUR/USD is another pushing session highs but running into offers previously noted at 1.3080 with plenty more at 1.3100
If you joined us for the US session or missed my previous tech posts from earlier today, you can find them here;
