The pair closed in NY Wednesday at $1.3333 after rate had recovered off an early NY session low of $1.3266 to a high of $1.3359, dropping to $1.3322 before recovering into the close. This recovery extended in Asia, the rate pushing to extended highs of $1.3370 as rate reacted to another Nikkei led sharp sell off in dollar-yen. Rate eased off highs to settle between $1.3350/60 ahead of the European open. Traders report sell interest placed from that $1.3370 level, extending to $1.3400, a break above here to expose the Feb20 high at $1.3434. Support seen back at $1.3350/45, a break below to allow for a deeper move toward $1.3330/20 ahead of $1.3300. Asian traders note stronger demand placed between $1.3290-70, more toward $1.3250. A light data calendar in the EZ this morning, only highlight being the ECB Monthly Report (0800GMT), though this normally echoes comments made at the recent ECB meeting. German wholesale prices are due at 0600GMT, though minimal impact expected. Key releases on the day will be US retail sales and weekly jobless claims at 1230GMT.
