Good morning. Downward pressure in Asia has seen a risk off theme this morning with the USD, CHF and JPY moving higher. However, the USD basket highlights that this could be limited.
CHFJPY is my Trade of The Day with bespoke support between 117.70 and 117.63. The single currency charts highlight an upward bias for this cross. Looking at CHFJPY from a technical viewpoint, we are close to weekly support and have completed a daily bullish Butterfly.