We just saw stops taken out above 8060. There was not much buying of AUDJPY this morning, it was more straight AUDUSD by model funds. Topside is limited to 8080 at the moment where sellers are reported, but once thru there we will see a run back to last Friday’s high of 8120. Downside support comes in at 8020 but traders I have spoken to are happy to buy even at 8040. I am not sure we can break 8080 in Asia thus will play 8040-80 fo now.