• USD/JPY: corporate sellers 91.00/20
  • GBP/USD: light stops above 1.5105
  • AUD/USD: option-related and corporate buyers .9100-10; trailing stops expected below .9090 and .9060
  • EUR/USD: Sovereign offers 1.3800-25, bids still firm 1.3530-50

Overall the order books, particularly in the JPY crosses, are surprisingly light.