Based on recent history we can expect more tight ranges in Asia with the NZD offering the best possibility for some volatility:

  • USD/JPY: Unlikely to move more than 15/20 pips in either direction so 101.50/80 should cover it;
  • EUR/USD: Short-term market still reportedly short so more likely to go up than down imho but 1.3630/60 is unlikely to break in Asia;
  • Cable: Still very bullish but won’t move during Asia unless GBP/JPY goes on a run, 1.7140/70;
  • AUD/USD: Bids reported now at .9385 provides obvious support point and the previous resistance at .9425/30 is now relevant again;
  • NZD/USD: .8845 is clear topside target and dips should be limited to .8775.