• USD/JPY: Light stops reported below 86.45 but decent sized bids also being reported around the same level between 86.30/45. Reports of Sovereign bids below 86.00 which is thought to include BoJ/Kampo but also other Asian central banks. Stops starting topside above 87.65.
• EUR/JPY: The order board suggests that the market is short. Stops starting above 111.25 and again above 111.95 and 112.60.
• EUR/USD: Not much to report close to the market with only light orders on the 1.27 handle; bids towards the base and sell orders towards 1.2800.