Its been a very quiet morning with EURUSD consolidating around the 1.4400 area as we await any EURJPY flows out of Japan to influence our views on EURUSD. There is some support seen at 1.4360-70 and resistance ahead of 1.4450, option barrier selling. There was also talk of sovereign names selling around 1.4430 in late NY.
Nothing to report as yet on EURJPY. Support seen at 136.00 and resistance at 138.00. Option barrier selling as we approach 138.00 with stops above and 136.00 strikes roll off today.
