The moves seen yesterday in early Asia and in Europe have consolidated overnight and the looming G20 meeting has USD alarmists in control. The JPY crosses have lost all momentum and are basically trading sideways and even the GBP recovered some ground yesterday. This leaves the USD taking the brunt of all the selling and this is unlikely to change before the weekend.
As Jamie mentioned in his wrap below, EUR/USD has a technical target at 1.4865 and of course the overnight high at 1.4820 just ahead; cable stopped ahead of the sell orders at 1.6400 which we mentioned yesterday and USD/JPY looks ready to test the recent lows at 90.20.
Good luck today.
