An interbank source has said there are some big stop-loss sell orders below 125.70 in EUR/JPY and if they come into focus then the reported bids in EUR/USD below 1.3550 are likely to be tested. USD/JPY bids at 92.50 are also thought to be sizeable. Hedge funds have been very active so far this morning in the EUR/JPY so they either know something or think they know something. The Yuan revaluation whispers have become roars this morning but it is getting late in Beijing and Shanghai so if nothing happens soon then we may see a sharp rebound.