EUR: I expect price action will be quite restrained taking its lead from the upcoming supporting data and any other impromptu CB speak. Next support at 1.0816 (May low) with resistance likely to come in between 1.0900/20, a close below 1.0800 would suggest a break out of the 3 month range.
JPY: On the margin we would rather be long dollars into the event – positioning feels light. (Support on the session comes in at 124.25 and then 123.80, with 124.55/60 and then 125.10 resistance on the run to the cycle highs.
GBP: We maintain a bias to be long GBP on certain crosses (vs NZD, EUR, CAD). Support in cable 1.5470 with resistance around 1.5590 and then 1.5630/40.
AUD/NZD: We have seen the market begin to re-establish AUD shorts, and we like it lower. Levels: 0.7428 resistance with 0.7290 and 0.7235 as support. For NZD, cycle lows at 0.6498 offering support with resistance at 0.6615.