A first look for the day at what we’re hearing regarding orders in the major pairings.

EUR/JPY tends to be the lead pair during the Asian time zone and 124.40/60 is where the tecnical resistance is and also where the orders are. Lots of stops starting at 124.50 through 125.00. EUR/USD still looks pretty bare between 1.3675/1.3850 so we may be in for some choppy range trading for a few sessions.

The bids in the AUD/USD starting at .8700 are well documented and widespread. The whole market looks like it wants to buy on the .86 handle. Short term stops are noted above .8810 with selling interest from corporates, firm around .8850/80.

Cable buy orders between 1.5500/50 are also said to be solid. USD/JPY is as usual a mixed bag on both sides of the market.