It was all risk-off on Friday afternoon so it’s not a big surprise to see some profit taking in the early interbank market. EUR/USD is trading at 1.3700 after closing in NY around 1.3665. EUR/JPY is at 122.50 and cable is at 1.5650. The G7 was the usual gab-fest with nothing of note emerging. The members were more interested in getting their passes for the winter Olympics sorted out.
Good luck today.
