Most professional accounts will pull their orders (certainly the take-profit ones) when some news breaks. With the market still trying to figure out what the impact of the Chinese moves should be, trading conditions are quite thin.
- AUD/USD: heavy stops triggered above .8750 and the short-term market is still probably short at that level. Offers should be reasonably solid around technical resistance levels .8880/.8920
- EUR/USD: stops tripped this morning above 1.2435 and 1.2450, no sign of major sell orders close to market.
- USD/JPY: stops triggered this morning sub 90.25, more stops below 90.00