Dealers say that markets are quite thin at the moment and short covering is gathering pace with EUR/USD up to 1.4120, cable eyeing 1.6400 and USD/JPY now having taken out exporter interest at 94.80. As mentioned earlier, sellers are expected at 1.4150 in the EUR/USD and above 1.6400 in the cable but there has been no solid confirmation of these orders yet. News that the Shanghai exchange is now in positive territory after opening lower has fuelled this latest mini-rally.