JPY crosses now starting to drift lower
Posted in on by
EUR/USD is back down towards 1.4240 and I'm now hearing slightly different information from the interbank market. Stops are building below 1.4200 and again below 1.4155/60 but buyers are tight below there at 1.4140/50. Stop-losses still above 1.4280 but sellers now at 1.4300-10 from option players just ahead of thge heavy stops above 1.4310. USD/JPY continues to drift lower and it seems that every rally is greeted by more exporter selling.
