USD/JPY: Bids proved solid near 98.00
Despite the relatively heavy selling in AUD/JPY and the presence of stops below 98.00 in USD/JPY, the bears were unable to trigger them and bids proved very solid near 98.05/10. We might get another test in early Europe but range traders are still likely to have the best of it.
Cable bids are reported to be very solid starting at 1.5560 and again at 1.5545 and 1.5520.
Not real sure either way on AUD/USD; the AUD looks vulnerable still on the crosses but the USD isn’t looking too crash hot either.