A quick look at the order board: Stops abound

USD/JPY: Hedge funds reportedly buying steadily above 83.00; BOJ still expected to draw a line in the sand around the same level; heavy stops below 82.80
EUR/USD: Sovereign bids expected around 1.3550; option protection ahead of 1.3700; heavy stops above 1.3705
AUD/USD: Heavy selling reported .9725/50; very large stops above .9750; trailing trader stops below .9600
USD/CHF: Heavy stops above .9880

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