- Sovereign names selling USD/JPY in reasonable size near 99.25 but no sign of a pullback yet.
- Sovereigns buying EUR/USD just below the market a little earlier.
- Large GBP/JPY buying at Fix.
- Talk of large M&A flows driving GBP/USD sentiment.
(FX trading is definitely not a fair game when you consider the information that the big banks and hedge funds get just before everyone else).