- USD/JPY: Corporate sell orders 87.50/60 with stops above 87.65 from leveraged funds. Buy orders still quite heavy 86.30/40 with Sovereign buyers below 86.00.
- EUR/JPY: Sell orders still quite heavy 113.30/50 (one unconfirmed rumour that China is the main seller); heavy stops from leveraged funds above 113.50 and again above 114.00.
- EUR/USD: Orders are unusually light probably due to stress test results, nothing much seen between 1.2750/1.3050
- AUD/USD: Corporate sell orders .8950/75; heavy stops above .9000 again from leveraged players
- USD/CAD: Sovereign bids noted below 1.0250
- Cable: Large stops seen above 1.5350.
Thanks for your news and views this week. Not an especially productive one from my perspective but there’s always next week. Have a great weekend and Dave will bring you any market moving news for the next few hours.
