Just going through the interbank reports from 3 of the big banks and the striking thing is that two of them are warning very loudly that something is happening in the USD/JPY options market, with 1yr risk reversals suggesting another downside move may soon eventuate.
Cable continues with its recovery from fresh lows formed after shocking economic data; if a currency bounces after poor data, it often signifies that a base is nearby?
EUR/USD is stuck at 1.3030 (because I took a position in it yesterday at exactly this level! 🙂 ) and AUD/USD is consolidating quietly above 1.0300, easing slightly on AUD/JPY selling flows.