More of the same now after a pause for breath 27 March
USDJPY posting 105.90 highs and USDCHF has taken out decent resistance/offers into 0.9500 to post 0.9509. GBPUSD has now been down to 1.4066 lows and EURUSD 1.2372
I've been highlighting good support around 105.00-50 helped by option expiry interest and yesterday I posted about the SNB-assisted support around 0.9440 so I hope that helped a few of you.
USDCAD has option expiry interest at 1.2800 and that may be preventing further progress higher at the moment with sell-side interest perhaps lining up an attack lower or hoping to be helped by a turn round in USD sentiment. Just a thought.
AUDUSD finding support around 0.7700 with some AUDJPY dip-demand helping. Large option interest at 0.7650 being defended too.
GBPUSD has support/demand at 1.4050 next with EURUSD at 1.2350. USDJPY has offers/resistance into 106.00 as I've mentioned before and worth a short interest up here I think with month/year-end yen repatriation still in play, albeit to a lesser extent now.
Month-end flows in play as I reported earlier and we can expect more of the same volatility into Thursday but not always in a straight line.
USDJPY
