The session has remained very quiet indeed, not helped by the lack of orders close to the market. The extended Chinese New Year holiday and the US holiday tonight are to blame.

  • Stops above 123.15 in EUR/JPY. Option protection ahead of 120.00, stops below
  • Solid bids in cable between 1.5500-50
  • EUR/USD: heavy bids ahead of 1.3500 suggesting option activity
  • Corporate interest in USD/JPY either side, bids 89.50, offers 90.50