The EUR/USD unfortunately has already struck the dreaded summer doldrums and looks unlikely to move anywhere in a hurry. USD/JPY stops above 93.50 were triggered overnight but there is solid selling interest between 93.75/94.25 which will slow down any bullish progress. There has been some talk over the last few days of large EUR/JPY sell orders between 131.50/132.00 from macro accounts. Stops in the cable above 1.6380 might come into play later in the day. Dealers say there are some decent sized sell orders around .7950 in the AUD/USD but they are mixed in with stops just above and the order book is showing no discernible bias at this stage.