A quick ring around some interbank dealers shows that not much has changed since last week:
- Strong buying interest still in USD/JPY at 95.25/50
- EUR/USD still tied in by some big option plays. Bids at 1.3870, 1.3800 and heavier again between 1.3650/1.3750. Offers at 1.4040, 1.4100 and heavier between 1.4250/1.4350.
- BIS and SNB likely on the bid towards 1.50 in EUR/CHF
- AUD/USD is very mixed in both directions until heavy bids around .7850 and heavy offers around .8250.
