The first two hours of the day havent given us much insight to the direction for the day. EURJPY has held ground above 130.00 with early buying in EURJPY dribbling thru. My feel is for EURJPY to drift a little higher.
Euro i still think we can hold above 1.3150 on the day to form a base. EURJPY buying sees EURUSD bid for now.
AUDUSD drifting aimlessly and will follow Yen cross activity. The spike higher last night, only to finish lower, can be seen as a bearish indicator if we close back under the 200 day MA at 7196.
