JPY pairs rolling over again
The US session has been a bit of fact finding mission over whether the China news moves would continue. Right now it seems we’re getting back on track to what was driving markets before then, and yen buying was the game in town. The yen crosses are going over again and the day’s lows are going to be important.
If they break, we could be off to the races again. If they hold, traders will have some confidence that a bottom is in place, temporarily or otherwise. US yields are still sitting near the highs so we’re not getting any inpout from them.
Latest posts by Ryan Littlestone (see all)
- Forex options expiries 20 August 2019 - August 20, 2019
- How did the risk trading picture develop from last week? - August 20, 2019
- Forex options expiries 19 August 2019 - August 19, 2019