Pound buyers prevailing as we wait on US Fed's Powell 1 March
USDJPY has option expiry interest at 107.00 and after sustained yen demand we're seeing a little supply return as expiry time looms too at 15.00 GMT. Something I warned of in my EURUSD post just now.
With USDJPY up to 106.95 the knock-on is GBPJPY higher at 147.25 just off session highs and that's lifting GBPUSD to 1.3775 with EURGBP testing 0.8850 again.
Meanwhile EURJPY higher at 130.35 has EURUSD also higher at 1.2190 and those 1.2200 option contracts in range as the clock ticks down.
I remain a GBPUSD, GBPJPY and USDJPY rally seller amid all the relative noise.
GBPUSD 15m
GBPJPY 15m
