I have to admit that on Monday morning I was looking for a break of the general sideways move. Now at the tail end of the week we’re still waiting and, of course, with the Non Farm Payroll tomorrow it looks like the range will only break after the release.
Actually, perhaps there is an exception and that’s USD/JPY. Out in the eastern sticks of the world we’re more likely to see this pair rally and it could drag EUR/JPY higher with it. Otherwise I can’t see whole lot of excitement, or perhaps I can switch that around and suggest a whole lot of nothing.
The Europeans look like being relatively range bound. The Aussie – now there’s an interesting one having seen losses to within a few points of the 0.7511 low. That’s going to need some due care and attention.
Thus, otherwise it looks like another slow day.