• EUR/USD: Dealers reports that standing bids at 1.2980 and 1.2965 were filled for over EUR500 million on each occasion, and that turnover was generally very heavy
• JPY crosses: Dealers report very heavy selling of AUD/JPY and EUR/JPY in particular
• USD/JPY: Large bids are reported at 79.60 and 79.50, ahead of reported option structures
• AUD: US momentum funds have been selling the AUD across the board