USD has turned up and this time it looks like we will test the previous USDJPY high at 103.80!
Long $6/pip USDJPY at 100.35.
I think I’ve missed the train on AUDUSD. I am generally reluctant to short this pair, so I hesitated and didn’t go short yesterday at 0.9380 when there were ample opportunities. It’s now at 0.9325, too far from a good entry level!
EURJPY will now be pushed in opposing directions by EU and UJ, so we should see sideways trading between 134 – 136 for some time.