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Forex pairs in this Article » EUR/USD (Barcelona) - Kit Juckes, Global Head of Currency Strategy at Societe Generale notes that EUR/USD is rangebound, while USD/JPY is drifting higher.

Key Quotes

"EUR/USD is range bound. Charts look as though I should sell against 1.37 and look for a break of 1.35 in due course, but I only look at charts when I have no conviction about anything."

"USD/JPY is drifting back up with risk sentiment but remains vulnerable to fresh risk aversion. The US releases durable goods, consumer confidence and house price data today. All eyes will be on the CBT tonight and on how US equity markets perform today. I fear the fragile calm can only last so long and want to remain long US dollars."
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