FXWW News/JPY crosses/Open/Wrap/Technical Analysis/Trade Ideas

European open: Still prefer to play market from short-USD side

  • USD/JPY broke below the 200-DMA at 96.68 but failed to trigger stops below 96.50;
  • Semi-official names remain the noted buyers on dips;
  • JPY crosses are higher across the board after Asian session;
  • I think USD/JPY will struggle to break above 97.20/30 and any further gains in Yen crosses will come through the components;
  • AUD/NZD continues to edge higher.

Leave a Reply

Your email address will not be published. Required fields are marked *