I guess that many traders are either on holidays or have taken their orders off due to Chinese activity, but whatever the reason, I’m hearing that order boards are relatively light in the interbank market
- EUR/USD: stops below 1.2260 and 1.2240; Sovereign bids 1.2155/80. Plentiful sell orders 1.2360 through 1.2420 although some stops also seen above 1.2370.
- USD/JPY: corporate sell orders starting at 91.80. Intraday bids starting at 90.60, getting heavier towards 90.00 with heavy stops below there
- EUR/GBP: heavy stops reported above .8400
- USD/CAD: still talk of strong buying interest on dips towards 1.0150 from Asian central banks
