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EUR/USD still battling to hold onto 1.10 as USD/JPY lifts
Over the past few minutes the USD/JPY has lifted from its earlier session lows that saw it track back towards the 147 handle. The USD/JPY is just now edging above 147.35 and that has added some further pressure onto the EUR/USD. The EUR/USD has in fact, just now hit a European session low at 1.1006. The low seen earlier today was set at 1.1003 and it is perhaps possible theres might be some stops in place underneath the 1.10 handle now. That is not confirmed here though and it is also important to note; there might be option buyers around that level too. So, the drop back is forced and it is a grind right now. However, for the time being that 1.10 handle is holding firm as indeed it did yesterday afternoon and earlier during the Asian session. The EUR/USD is currently trading at 1.1006
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