• China rumoured to be the seller at 1.2925 in EUR/USD
• Heavy offers were reported yesterday in the AUD/USD between .9200/25
• USD/JPY: Semi-official bids expected at 83.50; hedge funds seen selling around 85.00
• USD/CHF: Solid offers 1.0220/40; trailing stop-loss buy orders reported above 1.0275
• Cable: Asian central bank bids around 1.5290 (not overly large)