Traders report Asian sales of EUR/USD weighing on the market. China was rumored selling as low as 1.4280 overnight, the BIS was up at 1.4320 earlier and we assume China was back in front of 1.4350. Given that they loaded up in the 1.4200 area yesterday, they seem happy to scalp 80/150 pips where they can…
Update: We are just hearing reports of BIS buying in EUR/USD in the low 1.4290s.
