The shorts are obviously more nervous than the longs and EUR/JPY is back above 130. EUR/USD is at 1.3310, looking set to retest the overnight highs at 1.3340. I expect to see stop-loss buy orders above 1.3390, a recent daily high, and hence my target at 1.3460 for this leg of the move.
Sam will take over now and update on the market happenings for the next few hours.
