It will be a short week with many traders taking it easy ahead of a long Easter break. I wouldn’t be looking for any big medium-term trading opportunities, I will settle for some obvious short-term plays if they appear.
The most likely pairs in Asia will be the Yen crosses with AUD/JPY and NZD/JPY to the fore, taking leads from risk sentiment, equity markets and the precious metals. I’m trying not to have any strong views, simply see what the market gives us.
One obvious technical trade on the hourly NZD/JPY chart is to sell near 88.60 but that’s all I’m seeing at the moment.