• Main interest surrounded a push to trigger trailing stops below 121.50 in EUR/JPY:
  • Market tried twice but technical support at 121.60 held firm, leading to short-covering by intraday players:
  • New Zealand trade data was slightly better than expected causing a mild NZD rally, but was soon forgotten:
  • Australian business confidence also inspired a brief short-covering rally in AUD/USD but hedge fund sell orders above 1.0450 capped: