Dealers report that there are now some very big gaps appearing on their order books but there is still some sizeable interest around.
EUR/USD offers around 1.4150 are thought to be from a Sovereign name. There were sizeable offers of 250million+ on the interbank trading platforms when EUR/USD was on its highs.
GBP/USD offers at 1.6500 and again at 1.6550 from regional Asian central banks. These are generally not huge in nature, between 50-100 million.
AUD/USD continues to see layers of stops until .8100-10 when the selling intensifies.
USD/JPY and EUR/JPY; the talk still is of heavy selling on rallies but we heard the same yesterday and both rallied strongly. The offers in EUR/JPY are said to be heavy around 133.50 and in USD/JPY between 94.70/95.00.
