Looks like our early impressions of a quiet day in Asia were wrong. Big figure plus moves have been seen in all the majors
EURUSD: Stops above 1.2900 has seen the EUR hold onto gains. Moves above 1.2940 will target 1.3100. Immediate support is between 1.2850 – 80. However further gains through 1.3100 might be difficult because of the dire euro area economic outook and the distress of the East-European financial markets(Latvian Govt collapsed on Friday).
USDJPY sellers along with the Citi Bk news has sent USDJPY under 93.00 for maybe a look at the rising trend line support at 91.00 with immediate support at the 92.50 area.
AUDUSD hasnt moved as much as i would have liked. Level to watch on top is 6540.
EURJPY still flirting with 120.00. Needs a solid close above that for further gains otherwise it risks trading back down into recent range.
