Or rather lack of it
So why the delay from last night? Well, blame that on profit-taking or lack of mettle but it's been a steady move in this session after early two-way trading before Europe got fired up
EURUSD has posted 3 week highs of 1.1453, GBPUSD 3 week highs of 1.5633 while USDJPY is down to a 10 day low of 119.18.USDCHF is on 2 week lows at 0.9562
USDCAD has posted 4 week highs of 1.3065 helped by firmer oil prices while both AUDUSD and NZDUSD are also enjoying the ride as European traders give a thumbs down to Aunty Janet and her sitting on hands policy
USDJPY has good demand between 119.00-10 as per the order board while 1.1475 on EURUSD marks the 61.8% fib retracement from the 1.1715 to 1.1088 dip. GBPUSD has a further res level at 1.5665 being 76.4% fib of 1.5820 -1.5164
