It has been a fairly quiet start to the interbank trading week with all of the major pairings virtually unchanged from their NY closing levels on Friday. There has been no major news over the weekend to impact the market. Some levels to watch in early trade; .8225 in the AUD/USD, with much of the heavy selling now exhausted there are stops starting to build on the topside; 95.30/40 in USD/JPY, where there are said to be heavy offers; and 1.4290 in the EUR/USD, which was the high from last week.
Good luck today.
