Quiet start to interbank trading week; levels to watch are….
Not much happening so far this morning and we are still trading around NY closing levels from Friday.
- Interbank dealers have a bearish bias in USD/JPY this morning which suggests that order books may be slightly skewed to the downside. Important support in my opinion lies at 93.40/50.
- AUD/JPY still hanging around the important technical level at 90.00 (see below).
- EUR/GBP, stop-loss sell orders below .8465.
- AUD/USD, bids were reported on Friday to be very solid near .9550.