• USD/JPY: 101.60/65 was the overnight spike high and there are stops building above this level. But be warned, the big Sovereign players who were buying below 101 yesterday will sell into liquidity and they will be well informed re where the stops are building;
  • AUD/NZD: Decent-sized bids reported overnight near 1.0750;
  • USD/CAD: Very solid offers reported overnight near 1.0940;
  • EUR/USD: The main short-term levels to watch are 1.3635/1.3740 and we are bang in the middle of these
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