Sterling spiked down to $1.28 in early Asia. It snapped back to almost $1.30 before the European session, where it has been trading broadly sideways. The tone remains fragile, and a retest of the lows seems likely.The euro posted a bearish outside down day yesterday and has seen follow through selling today. It fell through $1.1040 in Asia but has held above there in Europe. The upside has been capped near $1.1080, but resistance may extend to $1.1100.The dollar fell to almost JPY100.60 in Asia. It recovered to JPY101.25 in late-Asian turnover, but selling pressure renewed in Europe and the greenback slipped to JPY100.35, but still does not appear to have found support.
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