EURUSD: A move below key support at 1.2540-45 will expose 1.2500. Sellers will be lined up above 1.2600. Watch out for month-end flows.
USD/JPY: Should have a fair bit of room to the topside as very few people had the BoJ move on the radar, at least for today’s meeting, positioning is far from what market wanted to have on, and positioning is far from what market wanted to have on. Buy at 110.70/80.
AUD/USD: Fade rallies to 0.8850, for 0.8640
UBS