Euro rallies as Merkel says the currency is "too weak"

Comments from Germany's Merkel have caused the euro to spike 22 May

It was the "too weak" quote that woke up the robots as I mentioned in my previous post.

In reality it's nothing we don't know from Germany with regard to ECB mon pol but nowadays it's the bots that makes the calls. Or reaction at least.

EURUSD posted fresh 6-month highs of 1.1228 from 1.1180 after an early dip to 1.1163 with EURJPY also now reversing session losses and more, at 125.07

EURGBP also on session highs of 0.8630 putting a cap on cable again as it recovers from its own 1.2965 lows earlier

I did mention in an earlier post that we should expect support/demand into 1.2950 USDJPY at 111.00 and GBPJPY around 144.00. Bingo, he we are at 1.3005, 111.46, and 144.93