• Rumours of option related selling around 1.41 in EUR/USD but no-one I’ve spoken to has seen this interest and in fact they refer to trailing stops above 1.4110. More credible are the offers around 1.4175 which are said to be substantial.
• Decent sized AUD/USD offers at .8015/30.
• Large USD/JPY bids at 94.75 reported overnight.
• SNB and BIS are still expected to support EUR/CHF at 1.5000 but as I said yesterday, they generally are not seen during the Asian session so we may see large stops below 1.4985 triggered.
• GBP/CHF interest also mentioned with bids around 1.7450/75 and heavy stops below 1.7370.