Market got tired of ‘good’ China trade numbers and went ‘risk off’ testing session lows in the EUR/USD below 1.2900 and support in the AUD/USD at 1.0200. USD/JPY of course remains unchanged from Fridays close at 78.37/39.
Why the move happened hours after the session open is anyone’s guess. Market sentiment does have a habit of changing on a dime, looks like tonight is one of those times.
