All of the volatility has been happening in European trade with firstly the USD getting hit hard across the board and then the JPY weakening in NY trade. EUR/USD and AUD/USD are both testing technical resistance levels (which we’ll have a closer look at as the morning progresses). Australian employment data will be the main event risk this morning and it was interesting to see China back in the market, aggressively buying AUD/USD.
Good luck today.
