A few sellers prevailing once again 27 March
Failure again to breach 106.00 has prompted a retreat to 105.72 amid a general pause for breath and retreat in USD+ sentiment elsewhere too.
106.00 has long provided some decent resistance and today should be no different with some year-end yen repatriation still in play that we've been banging on about. Rally sellers like me will continue to happy shorting between 105.80-00. Demand currently holding around 105.70 though after highs of 105.90 so don't get greedy.
Clock ticking down to option expiry time at 14.00 GMT/10.00 EST and that should remove a little demand/support that's been in place to protect interest between 105.00-50 but I certainly don't expect a collapse in the current environment.
