There has been some quick moves within a 50 pip range today and I would expect more of the same as we go into the London fixing as well.
There are mixed opinions on the direction of the next move amonst the traders that I have spoken with. Personally, as long as 97.00 holds, i feel we will see a move above 100.00 next week.
Over the next few hours however, it feels like we may test a little lower. Yen crosses have been soft all morning.