AUD,NZD/JPY crosses

Nikkei likely to open sharply lower: EUR/JPY support at 100.20 might be threatened

I just picked up a nice piece of info on Twitter from Chris Weston who says that there are a large number of Japanese companies going ex-dividend which will in itself knock off 73 index points off the Nikkei. Then there is also the weak close in the US which will affect sentiment. (Fed’s Plosser said QE might be ineffectual and this drove US stocks lower).

This should mean that risk-trades get slapped in early Tokyo and technical support in EUR/JPY at 100.20 will be worth watching closely. The AUD/USD is already under some pressure so there may be some expectation already written into the market.

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