Operators' intentions read by 
As expected yesterday, EURO and GBP made a quick rise towards close of European session and dropped during early US session .They were expected to recover towards close of US session but did not happen,insted fell further.
Today they are holding near low during early Japanese session.They are expected to rise quickly towards close of Japanese session and all through European session with quick swings to create uncertanities and to induce the traders to short.Then a quick drop towards close of European session and gap time (13:30-14:30 GMT) and further recovery and rise could be seen during US session .
These are the expected moves showing intra-day trend reversals.You can choose to take buy position near low or sell position near high in your swing trades with stop to limit the risk.
USD/YEN is expected make quick rise from the early Japanese session drop levels ( downward stop hunt before the rise).
Wide range swings may create uncertanities,but players are buying by dropping the market forcibily and rising quickly to book profit.This way their buy avearge will come down below the low for the season and the accumulated buys they sell after quick rise and rise moves.Understand their streategies to trade along with them.
Regards
Dr.Sivaraman