After chatting with a few dealers the main expectation is that we will have a fairly quiet session but that if one pair does go for a run, it might be AUD/JPY. The AUD/USD has broken through what for many was an important psychological barrier, .8500. If Japanese exporters pull their offers in USD/JPY to wait for better levels, then we could see some signifcant gains in the cross, at least back to test the recent highs at 82.00. (chart to come)