majors-11-mar-09

One look at the attached chart should tell you that not a lot is going on in the old Cable and EUR/USD today in afternoon trading in Asia. At least the AUD/USD and USD/JPY have moved a little, even if it is a slow grind lower. As Sam mentioned earlier, expect some buying interest in the AUD/USD down at the 0.6430 level. As far as USD/JPY goes, expect tough going on the topside and a potential retest of 98.00 before the Asian session is through.