EUR/USD rises to a fresh session high of 1.3682 as the Greek 10-year bond sale finds strong demand with the book size now at EUR11B against EUR5B on offer and the book to close at 1100GMT.
While many of the major currencies are likely to stay rangebound ahead of Friday's US payrolls, JPY could be the exception says Barclays Capital. Fiscal year-end and falling US yields are triggering fresh JPY demand with many crosses being driven to the wire overnight says the bank. USD/JPY below 88.00, NZD/JPY below 60.00, EUR/JPY below 119.75 and GBP/JPY below 132.50 would suggest a full scale breakout is underway says the bank. USD/JPY trades at 88.44, NZD/JPY 61.00, EUR/JPY 120.90 and GBP/JPY 133.40.
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