Despite the earlier chatter about the improved sentiment toward risk, the currencies have all had a bit of a pullback from their opening, pre-Tokyo, ranges.
I gave levels here: EUR. GBP, AUD
EUR and AUD have pulled back to their ‘initial bid’ levels, while GBP has slipped marginally through its (I noted GBP seemed the weakest to me), before finding support.
We may have seen the range extremes now until Europe starts to trickle in later on. Lets see if some news flow can get some more action going.
