• EUR/USD: Option protection ahead of 1.3600, light stops above; heavier offers starting around 1.3625
  • AUD/USD: Real money funds seen selling overnight, more offers towards .9725; bids increasing towards .9550
  • USD/JPY: Hedge funds buying 83.35/50
  • Cable: Trailing stops building below 1.5700; rumour of large buy-order in cable today to go through in European time