London wants to buy the EUR, CHF and GBP against the USD and NY wants to do the opposite. Here in the Asian session we are on the fence. All I can take from this is that I am better off waiting for extremes and playing the ranges in the majors. JPY crosses took a breather overnight and, after USD/JPY achieved its first technical target at 97.45, I would expect the crosses to trade slightly heavy during our session.
Good luck today.
