Greenback underpinned again 28 March
USD buyers out to play again as European desks wipe the sleepy stuff from their eyes, with month/quarter-end flows still casting a shadow.
USDJPY nudging up to 105.70 helped by option-led support below 105.50 again. GBPUSD capping around 1.4200 and now retreating to 1.4170 with EURUSD down to 1.2386 and large option interest helping to cap.
EURGBP has based around 0.8735 and now 0.8742 helping to push down GBPUSD but support/demand around 1.4165 and 1.4150. We can't rule out further BUBA EURGBP demand even if they have been in over the past couple of days as Ive been pre-empting and reporting.
AUDUSD down from 0.7700 to test good support/demand between 0.7675-80 and holding again for the moment. A clean break of this area should target 0.7650. USDCHF up to test 0.9500 again but sellers poised and ditto USDCAD at 1.2900.
A steady start to the session overall though with Asian trading ranges very tight but we should expect another lively day.
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