• EUR/USD: Big talk is of heavy selling below 1.3530. I hear this is from hedge funds intent on driving the pair lower. Sovereign bids expected between 1.3550/80 but nothing firm. Sovereign offers above 1.3800 are not firm anymore.
• USD/JPY: same as yesterday; stops below 89.75 and corporate sellers 91.10/20 but the offers are smaller now as many have already gone to market
• AUD/USD: talk of good sized offers 92.50/60
• EUR/CHF: stops below 1.4300
• EUR/GBP: heavy stops below .8850 and .8830