Dealers report that interest is rather lacking this morning with very few orders close to the market. Sovereign names were seen buying near 1.0300 overnight and with barrier protection also in place, buying dips with a stop-loss just below 1.0300 does make sense.
Some light stops are noted above 1.0415 and there isn’t much reported interest topside until 1.0500/15, where big sell orders now sit.
(Just been told that one of the hard-to-pin-down ‘good names’ has been buying AUD/JPY at 85.30 in last few minutes)
