Mizuho Corporate Bank

EUR
Comment: Lurking in a small range roughly in the middle of the range since early March. For today expect random moves roughly between 1.5500 and 1.5700 as the market continues to look for direction.
Strategy: Possibly attempt tiny longs at 1.5575; stop below 1.5500. Short term target 1.5700/1.5750.

EUR/JPY
Comment: Slightly better signs of topping as we drop below the nine-day moving average and drop suddenly towards the 26-day one. Downside pressure should increase if we hold below 163.25 today.
Strategy: Sell on a bounce to 162.00, adding to 163.00; stop above 164.00. Short term target 161.00, then 158.50.

GBP
Comment: Same as it has been for weeks. Keep on trading the range.
Strategy: Attempt small longs at 1.9635; stop well below 1.9600. Short term target 1.9970/2.0000.

JPY
Comment: Marginally more interesting as we dip to the nine-day average at 103.50. We continue to watch for small signs of topping but moves have been so slow this week that maybe we shall have to wait until next week for a more interesting chart.
Strategy: Attempt shorts at 103.85, adding to 104.35; stop above 105.25. Short term target 103.00, then 101.50.