A quick chat with some of the local dealers shows that there are not too many orders close to the market this morning;
- Heavy buying interest in USD/JPY at 97.25/50
- EUR/USD buy orders at 1.3800/10 and sell orders 1.4040/65
- A lot of weaker trailing stops were taken out below .7875 in the AUD/USD in early European trade. Buying interest now emerging at .7830 and .7750.
- EUR/GBP bids .8580/00 with heavy stops below .8560.
