- Dealers are seeing some USD demand in the early EU session
- Leveraged names have picked up some USD/JPY pre-108.50 and EUR/USD ran into good selling interest around 1.2660
- US 10 year yield stands at 2.40, up slightly from the overnight low of 2.385
- Looking ahead, we have some data in form of the UK Construction PMI and Euro Zone PPI, but the market is now waiting for the ECB and the Draghi press conference
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