• Fairly quiet start to the interbank trading week but we are seeing some stop-loss hunting in the cable, now trading at 1.6660;
  • USD/JPY is at 102.90, EUR/USD is at 1.3765 and AUD/USD is .9240;
  • Relatively minor economic data in Australia, New Zealand and Japan probably won’t affect the market too much;
  • Flow wise, we might see some very last minute end-of-financial-year transactions out of Japan.