USD/JPY is struggling to overcome the 96.00/05 level but EUR/USD is not having much difficulty extending the top of its range from the 1.4080 area up to 1.4100. Heavy selling was spotted between 1.4100 and 1.4120 on Friday so traders may be reluctant to push the pair too much higher near-term. That said. stops are sure to lie in the 1.4125 area. EUR/JPY trades now at 135.45, breaking resistance at 135.35 and testing the 20-day moving average.
Cable is not playing along at the moment, holding below trend highs in the 1.66 region this afternoon despite a round of risk-loving today. The pound trades at 1.6560.