This remains a probable event now that the USDJPY pair has broken through the 82.10-86.80 ascending trendline support. A further close below the 89.00 psychological round figure would open up the doors for a drumming back down to initial support via the 87 round figure. Strong support isn’t seen till 85.15.
Trade balance figures are in the spotlight tonight, but aren’t likely to really spark movement in the markets. However, expect the HSBC Flash manufacturing figure to be supportive of overnight volatility.
Trade balance figures are in the spotlight tonight, but aren’t likely to really spark movement in the markets. However, expect the HSBC Flash manufacturing figure to be supportive of overnight volatility.
