GBP – Gets some relief as UK construction PMi comes in stronger than forecast at 53.2, from Nov 52.3, with rate able to edge up from $1.5622 to $1.5632 on the initial react. Rate currently trades around $1.5627, holding off recently posted pullback lows of $1.5615.
EUR/JPY – Continues trading heavy at Y99.94 just off recent session lows. The Asian low provides support at Y99.83, a break opens a deeper move towards Y99.40/35, ahead of technicals at Y99.25 which holds the Bollinger band.
EUR/USD – Clawing its way higher again as recently reported Asian sell interest appears to have dried up. Rate edges back above $1.3050, having met semi official demand below $1.3030 which cushioned the corrective pullback. Offers remain in place above $1.3070, with stronger interest seen into $1.3080.
USD/JPY – Currently deals Y76.63 just off recent session lows, with strong demand seen from Semi-officals through Y76.60/50. Behind here and more bids at Y76.35/30 ahead of the strong Y76.22 technical level which holds the 78.6% retracement of the Y75.32/79.55 rise.
AUD/USD – Currently trades mid-range around $1.0351, tracking EUR/USD moves. Demand seen into $1.0330/20, with stops set on a break through $1.0300. On the topside offers around the Asian high $1.0379, ahead of the $1.0400 option barrier, with stops set. Behind here and the 200 day MA sits at $1.0416.
EasyForexNews Research Team