All of the majors are trading around their closing levels from Friday night in NY. Levels to watch in early trade are; 94.75 in USD/JPY, where there are said to be sizeable bids; offers around .8085 in AUD/USD which we mentioned on Friday and are still capping the market; offers around 1.4125 in EUR/USD; trailing stops below 1.4010 and more bids at 1.3980, also in the EUR/USD.

Good luck this week.