For a change it seems that the corporate world was the main driver of moves this morning, especially in the AUD and the NZD. Those flows now seem to have dried up and we should be able to relax into the usual quiet Asian session.
Not hearing much regarding topside stops in the EUR/USD and if there are no stops to aim for, then dealers will tend to sit on their hands. AUD/USD above 1.0715 and cable above 1.6110 are the next ‘stops’ levels to watch.
