I would like to break through 100 so I could stop referring to it as the next level. Maybe I should cut and paste my posts from two weeks ago, the last time we were here, and failed.
Its a familiar story.
Selling at and ahead of 100.00, option related interest. And, yes, its very large indeed. All around the market is the news that CitiFX Wire are saying the offers are joined by ‘real money’ selling. That’s market jargon for Japanese exporters in this instance. Yeah, they’re selling USD, too. Above 100 the stops are building (not surprisingly).
Closer in, 99.50/60/70 is trader offers.
Below current levels there are bids lined up 99.00/10/20.
