Only limited moves seen overnight and the market seems to have entered a short term congestion. EUR selling/USD & JPY buying is however expected to soon be resumed. EURUSD minor bounce after coming close to the 1.2435 key support, looking for a downside turn from 1.2531/44, EURJPY looks like a sell in the 99.75/88-area (JPY strength also supported by the BOE index moves), EURSEK still in the 8.82/86 doldrums but like it higher within the range, EURNOK another higher low helps the market slowly higher, NOKSEK premature bull call yesterday but the setup is still there, BONDS sideways moves seen for today, EQUITIES also minor corrections but still seeking a sell, OIL should be ending its minor bounce any hour now.
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SEB tech team