EUR: The single currency dropped as ECB's Draghi announced the central bank will launch an expanded asset purchase program, bids at 1.1570-75, 1.1540-50, 1.1520-25, 1.1500 and 1.1485 were all filled, some buy orders are noted at 1.1460-65 with stops below 1.1450 now in focus, some buying interest is tipped at 1.1420-25 and 1.1400. On the upside, offers are now noted at 1.1540 and 1.1560, more sell orders are located at 1.1590-00 and in good size at 1.1650 (stops above 1.1655-60) and 1.1680.
GBP: The British pound also fell from intra-day high of 1.5213 on back of the selloff in euro, bids at 1.5120-25 were filled but buy orders are still noted at 1.5100-10 and 1.5070-75, buying interest is reported at 1.5050 and 1.5035, fresh demand should emerge further out at 1.5000 (stops below), 1.4985 and 1.4950. On the upside, offers are lowered to 1.5170-80 and in good size at 1.5205-15 (stops above), more sell orders are reported at 1.5225-30, 1.5245-55 and 1.5270-75, selling interest should emerge around 1.5300, 1.5330 and 1.5350.
CHF: The greenback traded in relatively narrow range and has recovered after holding above yesterday's low at 0.8501, however, offers are still noted at 0.8620 and in good size at 0.8650-60 (some stops above 0.8670), sell orders are tipped at 0.8700, 0.8720-30 and 0.8770-75 (stops above). selling interest is expected at 0.8790-00, 0.8840 (some stops above) and 0.8900. On the downside, bids are seen at 0.8525-30, 0.8550 and in good size at 0.8495-00, decent demand remains at 0.8450-60 (stops below).
JPY: Dollar slipped briefly below 117.50 before recovering, however, indicated offers remain at 118.10 and 118.35-40, sell orders are noted at 118.80-85 (stops above 118.90-00), selling interest is tipped at 119.30-35 (stops above) and further out at 119.50. On the downside, bids remain at 117.45-50 and in good size at 117.15-25, mixture of bids and stops is located at 116.90-00, buying interest is seen at 116.85 and 116.50, fresh demand should emerge around 116.20 and 116.00.
