Quick look at the order boards
- USD/JPY: Barrier protection ahead of 79.00:
- EUR/USD: Sovereign buyers reported on Friday below 1.2700:
- AUD/USD: Reserve managers reportedly buying near 1.0350:
Remember that order boards (apart from stop-loss orders of course) are often cleaned out before the weekend and are normally re-stocked throughout the day on Monday. Sovereign players seem to be the only ones who leave their limit orders in place.