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Trades in the red against G10s

USD
  • USD is in the red against G10s, with the SEK leading against the Greenback, up 0.40%.
  • Equities are off the high, but Emini still trend at highest level since 20th January, with Estoxx (VGM2) now eyeing the March high at 3866.
  • USDJPY has fallen close to 200 pips from yesterday high at 125.09 to 123.11 low today, now at 123.46, with market participants favouring fading yesterday at 125.00, after the pair went to highest overbought territory since 2001.
  • EUR is seeing small buying versus GBP, CNH, albeit still mixed in G10.
  • Worth noting that there is 2.65bn worth of Option expiry at 1.1000 in EURUSD for today, 2.61bn for Tomorrow, and 3.31bn for Thursday

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