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As the dollar selling persists into Europe...>

DOLLAR
DOLLAR: As the dollar selling persists into Europe cable makes a show back above
$1.3900, triggering fresh momentum to the $1.3915/20 area. A break of the Asia
high ($1.3924) opens reported offers placed at $1.3945/50. Eur/Usd breaks the
narrow Asia range and squeezes to fresh highs of $1.2277. Initial resistance at
$1.2286/88 (76.4% $1.2323-1.2165/Hourly high Jan17), expect supply ahead of
$1.2300. Usd/Jpy holds near the base of its daily range, last Y110.76. 

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