Bit of a summary of what we are picking up….

  • USD/JPY – buyers ahead of 88.00 and heavy stops below; talk of Kampo buying at 87.50/75
  • EUR/USD – mixture of multiple bids from 1.2150 down through 1.2110 with names eg BIS, Asian CBs although also stops mixed in amongst these between 1.2150-30; heavy stops below 1.2100
  • Cable – previously mentioned sovreign sell orders 200 points higher 1.5250/85 that aren’t likely to be tested quite yet; bids nearer 1.5000 and likely a few stops below
  • EUR/CHF – 1.3100/20 hearing good bids ( note that the 1.3250 heavy bid yesterday worked for a shrp bounce before further selling set in)