Tuesday 27th October 2009

Nikkei -1.5%,  HSI -1.5%,  KOSPI  -.5%

GBPUSD Range: 1.6287 - 1.6351

Usual suspect blamed for the rally in GBP/USD Asian sovereign names reportedly the buyers off the lows.

EURUSD Range: 1.4850 - 1.4905

Euro trades well off the lows given the extent of the sell off from the previous session market maybe caught a little short looking for stop losses below 1.4870

AUDUSD Range: .9155 - .9197

Little short squeeze late on with the rise in EUR/USD s/t resistance at .9230 Business confidence to highest level since early 2002

USDJPY Range: 92.02 - 92.31

Very quiet session s/t trading stops below 92.00. Japanese finance minister says economy is improving but BOJ looks at the economy in its own way.