It’s Friday so usually a risk-off day in Asia with EUR/JPY and AUD/JPY the main traded pairs. Some of the other AUD crosses are also showing heightened volatility especially AUD/NZD and EUR/AUD. The other main feature of Friday trade in Asia is the stop-loss hunting exercise, so if we can figure out where the stops are, then we’re a chance of picking some winners.
Good luck today and TGIF.
