Little wonder that nothing is moving in early Asian trade as there are seemingly few orders close to the market to interest dealers.

AUD/JPY continues to stall just below 88.00 and this level looks like it will be pivotal in the short-term but there are no reports of any major selling interest which might be capping this pair. EUR/USD offers are noted near 1.3120/25 and EUR/JPY sellers are also reportedly heavy near 110.00.