Talk of EUR/USD demand at the month-end fixing turned out to be erroneous though GBP held up its end of the bargain, as did USD/JPY. USD/JPY is trying to chip away at an important area of resistance between 98.85 and 98.95.
Stocks remain underpinned while oil is down on the day. In other words, things are going there own way today, based soley on supply and demand with little rhyme or reason.
