Dealers report demand from model funds and Asian bargain hunters in early trading, which has taken the AUD/USD from the opening at 0.8235 to test 0.8259 and the AUD/JPY from 99.45 to 99.78. There are short-term trader stops above 0.8270 and then offers above 0.8300 that should cap the pairing in the Asian session; on the downside are stops below 0.8230 and bids ahead of 0.8200.