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A busy morning session for FX

FOREX
  • All the action was in FX during the morning European session.
  • The USD tumbled and extended losses across the board, while the Yen continued its ascent across G10s.
  • It is another a 197 pips range for the USDJPY, broke below 134.00, to print a 133.63 low, but is now back at 134.20.
  • USDCHF continues to trade at its lowest level since April.
  • Small support will be seen at 0.9324, followed by 0.9287.
  • Traded as low as 0.9337 so far today.
  • Cable tested just short of the 1.2300 handle, 1.2298 is the high for the session.
  • Other mover has been the Kiwi, extending gains against the Aussie.
  • The pair now eye the March low at 1.0615, only managed a 1.0643 and off its low at 1.0657 at the time of typing.
  • Looking ahead, ALL EYES are on NFP and AHE.
  • Speakers, sees ECB Guindos, Nagel and Fed Barkin, Evans to end the week.
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