US dollar demand being noted as US and Canadian desks get underway 12 May
USDJPY rising through 109.00 and posting 109.39 with strong offers/res into 109.50 capping for the moment.
EURUSD down to 1.1379 having spent most of the morning holding onto gains above 1.1400. Demand/bids/support down to 1.1350 should prevent further losses beyond that point. Large option expiries today very much in play.
The USD demand helping to cap cable along with the less than hawkish comments from Carney and now down to 1.4440. Demand expected between 1.4400-20 unless he drops an even more bearish bombshell.
