The [USD] appears to be retracing some of the recent sessions (down) moves. Contacts are expressing frustration at this stage, as markets already appear to be thinning ahead of the long US weekend. Post mixed US data, Asian and semi-official accounts have been noted Usd/Jpy buyers and an East European has been a Eur/Usd seller. One house even suggests that Eur/Usd could fall further and fill a gap towards the 1.3050 mark, but we very much doubt there is sufficient interest at this stage to see such a correction. Earlier, we heard there was decent size real money buy interest into 1.3100/10. Next US data comes in the form of Feb Michigan sentiment at 15GMT, with a 96.8 f/c.
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