Some additional chatter of orders and options
Mike has noted demand at 1.0550 but we're hearing that there's bids around the 1.0560/65 area that are semi-official. The BIS is one name being touted. Macro funds are said to be bidding every 20 pips down for profit taking
Also joining the 1.0550 bids is a barrier, and there's a bigger one at 1.0500, these are still in play from last week
Eamonn had today's options, and the 1.0550 amount is now 1.03bn v 959m reported earlier
In cable there's a reminder that amongst the bids and barriers there's a 1.5000/1.5500 DNT still in play also. The expiry was said to be just before the FOMC meeting this month
Other chatter has hedgies buying the dollar index this morning
Lots going on and we'll keep our ears to the ground
Update, there are some expiries in USDJPY today but the closest ones are all fairly small
- 124.00 213m
- 123.00/05 216m
- 122.75 142m
- 122.60 120m
- 122.00 126
- 121.00/05 1.12bn
