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.