Forex news from the European morning session 12 Feb

News:

Data:

It's all been a little more orderly today but still a session with a few wobbles and roundtrips with all eyes on yen and equities again.

The weaker Nikkei led USDJPY and yen pairs lower early doors and we saw USDJPY down through 112.00 support to post 111.67 in a rush but a steadier start to European equity trading saw a rally back to 112.80 only to run into fresh supply and come tumbling back to 112.37.

Since then though it's been a lot more sedate with the pair mostly hanging around 112.60 while the euro had an early drift lower as European equities maintained their gains but with softer EZ data adding to the bearish tones. After a dip to 1.1265 though we've been trading mostly around 1.1275.

The move lower in EURGBP from 0.7820 to 0.7746 though put some sparks under cable and after an early look at 1.4450 support we climbed steadily back through 1.4500 then 1.4550 to post highs of 1.4570 before running to fresh supply and retreating.

USDCHF saw some demand first thing with EURCHF seemingly supported at 1.1000 but a move back down to 1.0984 has capped the franc.

USDCAD has traded up n down in a rang of 1.3880-1.3930 as oil too has seen good two-way business in a limited range.

Similarly AUDUSD and NZDUSD have been trading relatively tightly range-bound by cross plays again.

US retail sales data to come at 13.30 GMT and I'm thinking we have a few more thrills n spills before the week-end finally arrives.