JPY crosses making new session highs
The market got a bit bearish on the Yen crosses after the Apple result but those who forgot to take their profit will now be kicking themselves as all of the losses have now been undone. The reason for the buying is the relatively strong Chinese PMI data but that’s only a reason for intraday short-covering, not for going long.
The Yen crosses will stay range-bound for the rest of the week, of that I’m pretty sure.
Off to webinar now, catch you in a little while.