Back up over 2.5% to 2.51 +3 bps and mooted by traders as adding to the dollar rally. Gilts and bund yields are also on the rise.
As Mike noted ACB’s were up top in EUR/USD fending off the macro buyers. European funds then jumped on the sell wagon and helped driver the pair lower.
Two sets of stops were run in USD/JPY at 99.65 and 100. Offers at 100.10 and 100.20 are the next lines in the sand then 100.35 and 100.50 where options await.
The option at 100 is said to be of a fair size so we may hang around here for a while.
