EUR: The single currency dropped again today on risk aversion and option barrier at 1.2950 was tripped, however, more bids from U.S. and Middle East names are still noted above next barriers at 1.2925 and 1.2900 with stops placed below latter level. On the upside, offers from various parties are lined up at 1.2990-00 and also at 1.3040, followed by mixtures of offers and stops located at 1.3065-75 and further out at 1.3095-00.
GBP: The British pound also slipped in London session and stops below 1.6080 were tripped, however, fresh demand from Middle East names are still noted at 1.6060-65 and mixtures of bids and stops is located at 1.6050 and further out at 1.6000. On the upside, offers are now reported at 1.6120-30 and also at 1.6150-60 with stops building up above 1.6170 and 1.6200 (large).
CHF: The greenback moved higher on dollar's broad-based strength against the European currencies and offers at 0.9270-80 were absorbed, however, offers from European names are still noted at 0.9295-00, followed by mixture of offers and stops at 0.9330-40. On the downside, bids are raised to 0.9240-50 and more buying interests are tipped at 0.9215-20 with stops building up below 0.9190 and 0.9170.
JPY: Dollar dropped quite sharply in part due to cross-buying in yen (option barrier at 103.00 were tripped) and barrier at 79.50 was also triggered, however, bids from Japanese investors are still noted at 79.20-25 and above next barrier at 79.00 with more stops placed below there. On the upside, offers are lined up from 79.80 up to 80.00 with stops building up above 80.10 with bigger sell orders located at 80.40-50.
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