Open/Wrap

Day ahead in the FX market, Friday November 30th

  • EUR/USD failed again near 1.3010 after failing to find stop-loss buyers:
  • ACBs still expected to buy dips in EUR/USD:
  • USD/JPY still capped by sell orders 82.20/25:
  • AUD remains weak on crosses as medium-term longs lighten up ahead of China PMI and RBA:
  • Raft of Japanese economic data unlikely to have major impact:
  • Positional adjustment ahead of weekend is likely to be major driver so JPY crosses again to be the main movers.

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