Few pointers from Asian session

  • AUD/USD: Technical support at .9430 is relevant.
  • USD/JPY: Bearish undertone continues with “risk-off” becoming market’s default stance.
  • EUR/USD: Asia hasn’t moved this pair in months it seems.
  • FX market seems comfortable with its’ positioning heading into the FOMC, not sure about other markets though.
  1. Sean, i’ve just shorted USD/JPY few mins ago i reckon FED will not taper in June & Treasuries traders may be move too far ahead of tapering idea. i’d like to see lower US treasuries to prompt risk off trade, while i am still in doubt EUR/USD will turn lower should treasuries decline at FOMC it may affect risk sentiment few days later & bring eventual risk aversion, it means EUR/USD will come lower too

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