Quick Updates in the Morning

1. Big Stop loss run in USDJPY.
2. This led to big run back to the bottom for EURJPY.
3. USDJPY jumped right back up and EURJPY jumped right back up along with it.
4. Sell rallies is the way to go as far as EURUSD is concerned.
5. China seen selling AUDUSD above 1.06
6. Moody's downgraded Ireland to junk status.
7. Large sell orders at 79.80 for USDJPY
8. Expect lot of volatility during the day.