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Renewed USD demand into the European open.....>

FOREX
FOREX: Renewed USD demand into the European open lifts USDJPY to Y109.52 and
seen approaching resistance from the Asia high (Y109.57). EURUSD takes a fresh
leg lower to $1.1906, a reminder today of the very large E2.43 $1.1900
option-expiry rolling off for today's NY cut. GBPUSD eases to fresh lows of
$1.3512, a break back under $1.35 can look to target the $1.3460/58 area which
holds support from the  May10 & Jan11 lows.

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