End of month, end of quarter and end of the UK financial year
Some fix action to be noted a few minutes ago. GBPUSD dropped down to 1.2504 from close to 1.2540. USDJPY popped above 110.40 briefly too.
Another heads up that it's month and quarter end on Friday so expect the fixes to be a tad more lively. It's also the UK financial year end so there's some added ingredients from that too.
Commodity currencies are enjoying the benefits of some buying action, though I doubt it's fix related. AUDUSD is steaming to 0.7655 and USDCAD has broken the intraday low and support at 1.3365 to post 1.3356.
