• Sellers 0.9500
  • Sellers 0.9450
  • Sellers 0.9425, mingled with stop-loss buyers
  • Buyers around last night’s lows still there, 0.9375 but stop loss sellers building below here
  • Stops 0.9325/30

China is closed today, no Australian data, the only risk event is the BOJ announcement (expected around 0.300GMT, though I suspect perhaps a little before then, no change to policy is the consensus, and Kuroda’s press conference at 0630GMT)