We’re just been up to a January high of 77.37 after some strong buying from fund accounts. Buy stops lie in wait on a break of 77.40 .
The move sparked a run up in EUR/JPY which has just tripped some buy stops through 100.50 to 100.72. More offers await a move towards 100.90/00 and a break there opens more stop buying.
Usd’s around 77.20 now with the cross at 100.70
