The pair closed in NY Monday at $1.2884 after rate had recovered through the day to a NY session high of $1.2901 before drifting off into the close. Rate picked up fresh demand into the Asian session, the buying taking the rate through that NY high, with triggered stops providing the added momentum to take it on to $1.2904 before stalling. Offers placed into $1.2905 provided resistance and stopped reported stops in the $1.2905/15 area from getting triggered. Japan Amari comments sought to clarify weekend remarks about yen correction and seemed to prompt general dollar demand which pressed euro-dollar down to $1.2862. Buyers emerged into the dip and allowed rate to recover to $1.2895, dipped to $1.2880 before settling around $1.2885 into Europe. Another data light day, Germany PPI at 0600GMT the early interest followed by Liikanen speaking in Helsinki at 0725GMT. Offers $1.2905, stops $1.2905/15 then more offers $1.2915-50. Support $1.2820, with bids said to extend to $1.2775.
