Still looks like a sell-Asian-currency play

The AUD has bounced after posting fresh lows but still looks soft and the JPY is also out of favour. The market is ignoring factors like falling oil prices and instead focussing on Yen negatives. I think this trend of buying EUR, GBP and USD against the AUD, NZD, CAD and JPY is likely to stay with us for a few more sessions

  1. eur/jpy is still looking a bit exhausted to cross 101.80 with ease. however if it does that then next hurdle is far

Leave a Reply

Your email address will not be published. Required fields are marked *