Market is once again talking of the large option barrier at 1.4200 to be protected by an Asian Central bank. Sovereign names selling on Friday night at 1.4150 were not seen here today, with EURJPY buying helping EURUSD remain bid above 1.4150.
I cant see EURUSD moving thru 1.4200 in Asia without significant EURJPY flows. Watch EURJPY for clues.
