Funny ol’ uber-cautious markets as traders wait for Draghi to finish before giving the euro a slap lower mostly on more determined ABS talk
EURUSD posted 1.3342 in a rush from 1.3368 but barrier options at 1.3325 and 1.3300 enough to scare off too determined a sell for the moment. Curently 1.3350
EURGBP chewing through bids between 0.7925-30 but back to 0.7930 as I type. Stronger bids between 0.7900-10. Selling has lent support to cable above 1.6830
EURJPY still supported by bids at 136.50 with a low post of 136.56. now 136.61
Expect euro to keep a softer tone in the absence of any other news
