Cable extends rally, trips stops

The cable rally has accelerated, stops above 1.6250 having been tripped, and we’ve been to session high 1.6275, presently back at 1.6265.

Strong GBP/JPY buying has been noted, with decent demand from UK clearers and Middle Eastern names. The cross is presently up at 146.90 from an early 146.20.

Elsewhere USD/JPY has been as high as 90.50, running into aforementioned sell orders at 90.40/60 and has eased back to 90.35 at writing.

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