We have had days of bearish expectation and no follow-through; the aussie has laughed in the face of the bears with AUDUSD at 1.0235 and AUDJPY 95.70; sterling has done the same after the cable sellers came out in force and the reaction below 1.5000 was a more than formidable push back to 1.5200 albeit briefly.
Hard to cogitate much heavy selling with equity markets seemingly eager to drive further.
