• USD/JPY: option expiries tonight NY cut at 83.50 (usually means that prices gravitate towards this level); heavy stop-loss buy orders reported above 83.75; Japanese corporate sell orders 84.25/40. Buy orders solid below 83.00 including hedge funds.
  • EUR/USD: Trailing stops above 1.3670; Solid bids 1.3560/80
  • EUR/GBP: Very heavy stops below .8440
  • USD/CHF: Barrier protection at 1.0000 and 1.0020

Have a great weekend.