Risk sentiment will be main focus for today’s trade
Stock-markets look shaky and USD/JPY got hit by waves of stop-loss selling so we could be in for a nervy risk-off Friday in Asia. AUD/JPY is sitting on important technical support at 90.00 and a clean break below there will surely trigger more stop-loss selling. Pairs like EUR/AUD have made very strong gains in the last 24 hours which tells us a lot about market sentiment and positioning. There isn’t much of note on the economic calendar so it will be all about positional adjustment. Good luck today and TGIF.