EUR/JPY: 135.50 still key level amongst major pairs

At first glance, it would seem that very little happened overnight. The EUR has strengthened marginally on the crosses from European opening levels but there is little or no momentum in any direction.

• EUR/JPY resistance at 135.50 remains a key level and a break above there will certainly change the nature of the market in all major pairs;
• AUD/NZD support at 1.1190 is another important level to watch;
• Latest minutes from the RBA will be released this morning and could generate some short-term momentum.