The only interest this morning has been in EURUSD and AUDUSD, both higher after the news, China is looking at investing in foreign assets. Hearing from local broking houses that Australian mining stocks could be bought on the back of that news.
There are orders to buy EURUSD at 1.3000 and more at 1.2950 today. On the top, no strong selling interest until 1.3200.
The AUDUSD overall has held in well overnight. On the day there are bids at 7150 and 7120, with stops under 7100. Topside, there are sellers scattered between 7250-7300.
USDJPY has been very quiet this morning with some small interest to buy between 98.20-50.
EURJPY has continued the technical move lower overnight. Not hearing of any large orders on either side this morning. Look for EURUSD moves to determine EURJPY direction for now.
