Yen pairs on the rise as risk sentiment and USD demand prevail 9 May
I mentioned earlier that USDJPY looked under-pinned and we've now posted 8-week highs of 113.64 with GBPJPY and EURJPY also on session highs at 147.05 and 124.03.
This demand is putting bids under core pairs too and that means GBPUSD holding 1.2930 and bouncing to 1.2940. Expect a few offers/res around 1.2950
EURUSD holding 1.0900 so far but also failing to rally convincingly for the moment.
Order boards on the way.
