EUR/USD sits at 1.3494, to the very pip where it was when I sat down over 6 hours ago, with price action so far confined to a very conservative range either side of 1.3500.

Middle Eastern sovereign selling above 1.3520 apparently helped cap earlier rally at 1.3526.

Still talk of Asian sovereign buy interest lined up down around 1.3440. Also talk of large 1.3450 option expiry today. Stops said to be gathering just below 1.3440. Ho hum.