EUR crosses/Flows and Orders

EUR: Look to EUR/JPY for leads

There are still some sizeable long positions in EUR/JPY which may come under scrutiny before the BOJ decision tomorrow afternoon. Prime brokers report decent selling interest above 103.20 and stops are also now reported below 102.50, though no sizes have been mentioned. With nothing else really going on in the market at the moment, we will probably revert to stop-hunting mode or ‘finding the weak side of the market’ .

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