A little bit of risk-on after the US data with the US labor market looking like it continues to recover. Look for sellers in the 1.3025/30 area while trailing stop-loss buy orders are eyed in the 1.3035/40 area.1.29744 was the low on the early New York stop-loss push below 1.2980.
USD/JPY is the main beneficiary, up to 78.94 on this latest pop. Exporter offers are rumored at 79.00.
79.51 was the spike high on the MOF’s massive intervention back on October 31 of last year.