Not very much to report so far this morning, at least not that much close to the market:

  • USD/JPY: stop-loss buy orders above 92.65, corporate sell orders starting at 93.10, large bids at 91.50 pesumably from semi-official sources
  • EUR/USD: stop-loss buy orders quite heavy starting at 1.3550, bids building now towards 1.3400, not many offers until high 1.36’s
  • Cable: mixed bag until sell orders increase 1.5460/75 area
  • USD/CAD: sell orders heavy 1.0250/75

Pretty uninspiring order board but it does suggest some further short-covering in EUR/JPY