A good session for the euro so far after the opening Asian tumble 20 Nov
EURUSD making steady progress up to 1.1780 from 1.1730, EURGBP 0.8890 from 0.8875 EURJPY 132.02 from 131.40, EURAUD 1.5567 from 1.5520
Merkel heading to meet president Steinmeier today amid the biggest fight of her political life but after the Asian retreat the Teflon-coated ccy is so far feeling the love in Europe.
EURUSD offers/res between 1.1780-1800, EURGBP around 0.8900 may help to slow the move but the underpinned EURGBP also helping to cap cable around 1.3250 again after a solid rally of its own from 1.3220
Yen supply notable despite weaker equities ands lending support to core pairs with USDJPY holding above 112.00 and GBPJPY also rallying to 148.35 from 147.85, AUDJPY up to 84.80
Large USDJPY option expiries (2.4bln) at 112.30 helping to cap rallies though
More order boards on their way.
