• Big buy order in USD/JPY reportedly to tune of $4 billion drove pair sharply higher from 81.80 to 82.80 before stabilising
  • EUR/GBP: Significant two-way business with big offers near .8920/30 once again putting a short-term top in place. Heavy buying interest was also noted below .8850. (Talk still of very heavy stops above .8950)
  • AUD/USD: Offers reportedly very heavy 1.0880/1.0900 (just as they were 100 pips lower) suggesting perhaps another barrier being protected
  • EUR/USD: Heavy offers were seen just shy of 1.4800, once again raising possibility of barrier protection