Risk aversion is back today, with the Nikkei and other Asian bourses down, which is weighing on the Jpy crosses. EURJPY has fallen from just below 136.00 to 135.25, trading lower alongside a weak USDJPY. Technical Japanese traders are looking at 134.01, the Ichimoku cloud top as a possible retracement level.
The USD is bid against a broad range of currencies today. With EUR and GBP coming off in tandem with the sell off in the AUDUSD. GBP remains under pressure, however EUR has recovered slightly, back above 1.4910.
