AUD/USD: Demand is noted at 1.0020. 1.0018 was today's Asian session low.
USD/CAD: Bids are tipped near 0.9835 with sell stops touted below 0.9830 (0.9832 was the Feb 4, 33-month low).
GBP/USD: Buy Stops are tipped above 1.6120/25
EUR/JPY: Bracketed On 113-Handle
EUR/JPY offers remain ahead of 114.00. Stops above. Bids from around 113.00. Some stops mixed in sub-112.90.
USD/JPY: Bids Firm From 83.50-Area, Offers Pre-84.00. The word is that some $2 yards or so of offers were absorbed as USD/JPY traded up from 83.80 to 83.98 overnight. Offers still ahead of 84.00, many looking to defend option strikes here and in 10-tick increments up to 84.50. Larger stops above 84.50, some from break-out system funds. Japan exporter interest trails up from 84.00. Bids firm from around 83.50, trail lower. Stops mixed in at around 83.45.
EUR/USD: Traders Stops Above 1.3600 Tripped, Move Above
EUR/USD offers are seen ahead of 1.3625, some from US investment banks. More trader stops are seen above this level. Bidding interest was seen from model funds from the 1.3557 early low and, later, Asian sovereign names after more intervention against USD.
EUR/AUD: Some Unwinding Of Shorts. The cross edged up from 1.3504 to 1.3552 in Asia before easing off.
AUD/USD: Exporters Still Good Buyers On Dips. The early AUD/USD dip to 1.0058 saw local exporters buy again. Asian sovereign names joined in later. Offers noted between 1.0055-75. Exporter, sovereign account and real money fund players still look to buy dips whilst hedge funds and long-term longs look to sell into rallies towards 1.0100.
Options: Talk Still Of USD/JPY KOs From 84.00 To 84.50. The talk is that the KOs are placed in 10-tick increments between these two points. Stops are seen especially large above 84.50.
Options: Slew Of Nearby Expiries Anchor Down Ccy Pairs. Nearby option expirations today include vanilla USD/JPY 83.00, 83.50 (so-so large), 84.00 (so-so large), EUR/USD 1.3400 (so-so large), 1.3450, 1.3500 (so-so large), 1.3700 and GBP/USD 1.5900, 1.6000 and 1.6275 strikes.
GBP/USD: Apparently well known US investment house has been seen selling cable in recent trade. Not that we’re any lower mind you, presently at 1.6132. Sell orders seen clustered up around 1.6150/55. Stops probably not far north of there.