Quiet day in Asian trade once again. The only data of any interest released were Leading Indicators in Japan (79.8% Vs 79.0% Forecast). USDJPY (90.94, 90.80-91.32) had another quiet day, although today’s range was more than double yesterday’s so we should be thankful. Support in USDJPY now at the 90.00 level with stops expected to be building below. EURJPY should continue to weigh on the USDJPY tonight.
The EURO fell against both the USD (1.2795, 1.2763-1.2810), the JPY (116.30, 115.98-116.89) and the GBP (0.8743, 0.8738-0.8755) with Trichet’s brilliant comments continuing to weigh it down. For a more technical view of the EURUSD click here.
The AUDUSD continues to bounce back from dips below 0.6490 although if the EURUSD breaks lower the AUD will move back towards and risk retesting 0.6300. For a more technical view on the AUD click here.
