This is what we know (or think we know) about the order boards for the major pairings

  • AUD/USD: Option barrier protection ahead of .9850; rumours of possible RBA selling at same level; heavy stops above .9860; Sovereign bids .9660/.9700
  • USD/JPY: Kampo and US real money funds continue to buy around 82.80/90
  • USD/CAD: Trailing stops above 1.0175
  • EUR/USD: Bids on dips expected from ACBs but no firm levels available
  • EUR/GBP: Good-sized offer reported close by at .8780 but more stops above .8800 and .8820