It’s not very often that we get to say that the Asian session has been leading the way, but that has been the case for the last 4 days. EUR/USD has bounced sharply off a very well supported region just above 1.2600 and more macro shorts were seen covering overnight on the break above 1.2880. Friday is usually risk-off day in Asia, so that could mean some retracement in the JPY crosses (which rallied nicely overnight) or possibly continued EUR short covering.
Not much of interest on the economic calendar so we will rely on flows for any movement.
Good luck today and TGIF.
