AUD,NZD/Flows and Orders/USD/JPY

USD/JPY still the main intraday focus

The early interbank market was quiet today which means there are no major stop-loss levels close by. USD/JPY will remain the main intraday focus and will be very sensitive to moves on the Nikkei. Dealers say that there are large trailing stops on the downside from positions built up over the last few months so the immediate risk would still seem to lie to the downside. The AUD/USD remains soft but still needs to break below strong technical support near .9600 whilst the EUR and GBP remain relatively calm.

Good luck today.

  1. Good morning, Sean! In Jena, we need to see what happens around 100.00, for example 100.07 I have on the daily chart, as the support of quite strong, if you go below, then 98.83 and 97.00. Accordingly and will be traded yen crosses. Good luck to you, Sean!…

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