• Very little on the economic calendar apart from NZ trade data, http://www.fxstreet.com/economic-calendar/;
  • Market remains very quiet and in consolidation mode as we await the next mini trend;
  • Yen crosses still look soft to me and the next 200 pips in pairs like AUD/JPY, EUR/JPY and USD/JPY are more likely to the downside imho;
  • These markets are likely to stay tight and choppy so wait for your preferred levels and don’t jump in;
  • AUD/USD lows from Monday morning at .9350 will be an important level to watch today.