The greenback back on track for higher levels. JPY weakening and maintained the break above 94.77, GBP still overly oversold but still lacking evidence of a reaction. SEK strength took the first step toward a well deserved pause/reaction. EURUSD back on track for 1.28/29 (offers today at 1.3045), USDJPY bullish close last week points next at 99.73. EURSEK upward reaction likely begun with the touch down into the wave 3 target range, USDSEK very positive weekly spike, EURNOK continues to attract bids at/around the 7.4150 support (USDNOK looks v bid), NOKSEK new low set, prematurely ending decline? USDCAD looking for an upside u-turn, CRB extended bounce, BUNDS spike shows that there were buyers at support, NOTES still offered, EQUITES contiues to be underpinned and OIL’s decline halted.
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SEB