Not much happening in the FX market so far this morning. Sell orders in the USD/JPY are reportedly quite firm around 80.70 but dealers will be eyeing juicy stops just above 80.75. If the Nikkei opens significantly higher, that might create more of a risk-on atmosphere and drive pairs like EUR/JPY higher, creating enoungh momentum to get the stops done. We should find out in about 15 minutes when the Nikkei opens.
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