Quick look at the order book
- EUR/JPY: Momentum funds and CTAs will add to fresh longs on breaks above 114.50 and 115.50
- USD/JPY: Solid corporate offers right on 88.00 but talk of more stops (particularly from options players) just above there
- EUR/USD: Light stops starting above 1.3060 through 1.3100. Very solid offers reported from 1.3115 through 1.3140. Light bids including Sovereign interest between 1.2940/60; trailing stops getting heavier below 1.2915
- EUR/GBP: Lots of stops (myself included) below .8300
- USD/CHF: Solid sell orders reported 1.0660/70
- USD/CAD: Sovereign bids solid below 1.0250.
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