• Lots of topside stops in JPY crosses I believe with pairs like NZD/JPY seen as particularly vulnerable
  • Numerous stops below 1.6400 in cable probably won’t come into play this session
  • Middle East bids at .8480 in EUR/GBP
  • Bids in USD/JPY around 95.25, looks like short-covering
  • Fresh corporate interest this morning to buy AUD/USD around .8215/25