I don’t know how much more activity we are going to get ahead of the announcements expected this afternoon … barring comment/news induced swings of course. Something to be aware of is the thin liquidity available due to a great many participants on the sidelines ahead of the announcements and coming off a holiday in the US.
So while there are a reduced number and amount of limit orders out there in place there are still stop-losses:
Stops above 90.30 and 90.50. there is still talk of the DNT option, topside at 90.75.
On the downside stops under 89.30 and 89.00.
In EUR/JPY, stop levels are 120.35, 120.75, 121.00 and on the downside sub- 118.80.
