Here is some flow info from earlier in the day from London contacts:
- China and India bought USD/JPY in the 90.60/65 area
- The Banque de France bought EUR/USD in the 1.4785/95 region (acting as agent for overseas CB?)
- North Asian CB sold EUR/USD above 1.4800
- Stops are eyed in Cable in the 1.6460/80 area
- Downside protection in demand in EUR/USD, puts being bought as stop-loss?
- 90.00 barrier in USD/JPY with $40 mln payout expires next week
