There were suggestions on Friday last that some of the option plays held by China were starting to roll off. I am hearing that more of them will roll off this week and next. EUR/USD is trading like a stunned mullet at the moment, unable to significantly move one way or another, but perhaps once the market realises that the major protection either side of the market is gone, we can again see some decent moves.
On the order front, I’m not hearing of too many orders close to the current 1.3975 level so I expect a quiet pre-Tokyo trading session.
Good luck today.
