USD reversing sharply now across the board by Sean Lee

  • NZD/USD is the biggest mover on the session, up nearly 1% compared with the Friday close;
  • EUR/USD and GBP/USD are also starting to play catch-up, with some trailing stops triggered in the latter pair above 1.5700;
  • USD/JPY rallied almost 75 pips in early trade before giving these gains up, plus some.

There is no major news out in the market, with positional liquidation driving the movements.

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