Open/Wrap

Day ahead in the FX market, Wednesday January 9th

  • Australian retail sales data at 00:30 GMT:
  • EUR/JPY continues to attract profit-takers, watch important support now at 113.65:
  • USD/JPY also hit by profit-taking with major prime brokers reporting a big fall in Yen short positions:
  • EUR/USD range-bound, with short-term swings influenced by sentiment swings and headlines:
  • Pressure remains heavy on USD/AXY and central banks like BoK will continue to intervene.
  1. Hi Dok, its never a bad thing to get stopped out with a good profit 🙂 I’m bit bearish on AUD overall but simply because I cannot get used to having AUD/USD at 105 when 85 used to be expensive!! Probably best to wait a bit and see what happens. I’d play 10465/10525 in AUD/USD with mild bearish tendency and on AUD/JPY, yes think its time to book some profits on longs

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