Open/Wrap

Quick overview of Asian FX trade

  • EUR/JPY moved higher in early pre-Tokyo trade as stops were triggered above 106.25:
  • Stops were also triggered in EUR/USD above 1.2945 but a 61.8% Fibo (1.3005/1.2880) at 1.2960 has held firm:
  • The AUD has seen some modest selling particularly against the NZD as medium-term longs hedge ahead of next week’s RBA meeting:
  • Sell orders in USD/JPY at 82.20/25 have remained solid although general market turnover was rather low again today.

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