Forex Market Update: Liquidity Still an Issue for FX Traders, US Dollar Strengthens A

[DailyFx]

Liquidity is still an issue for FX traders, with reports that orders are struggling to be filled. One Japanese name bought a reasonable clip in EUR/USD after it bounced out of 1.4180, but had problems getting filled as prices spiked up to 1.4239, where more U.S. name selling was noted. The U.S. account is reportedly working an ongoing order, with amounts in excess of EUR 5 bln being mooted. EUR/USD filled in Eastern European account bids to trade down to 1.4165, with all eyes on 1.4150 stops, which look vulnerable given the price action. Meanwhile, there are reports of good dollar buying against a variety of currencies, with Aussie, sterling and yen seeing sporadic interest from interbank and fund names as reported repatriation flows go through.