EUR/USD is back down towards 1.4240 and I’m now hearing slightly different information from the interbank market. Stops are building below 1.4200 and again below 1.4155/60 but buyers are tight below there at 1.4140/50. Stop-losses still above 1.4280 but sellers now at 1.4300-10 from option players just ahead of thge heavy stops above 1.4310. USD/JPY continues to drift lower and it seems that every rally is greeted by more exporter selling. Nevertheless there is talk of trailing stops now above 94.60 with heavy selling at 95.10/20. Lots of bids also reported between 93.50/80 which should guarantee further range trading.