With US equity market futures currently up the currency markets are taking this as a sign that maybe yesterday’s move was a little of an over reaction to what was little more than old news. Expect the JPY crosses to benefit from this and if the equity markets remain in positive territory we should see the recent highs retested in the coming day or two.
As far as the majors go, the AUD/USD needs to work its way through resistance in the 0.6930/50 region, the EUR/USD needs to break back above 1.3320 and USD/JPY looks like it is on its way to retest 99.00.
