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JPY Trading Outlook (16-09-2013)

CROSSES: The crosses have been fairly quiet over the last few sessions so perhaps it’s best to stay in consolidation-trading mode. AUD/JPY has very obvious technical parameters at 90.00/93.50 so trading near the edges of these ranges makes good sense. AUD/NZD turned lower last week after the poor Aussie jobs data and the slightly hawkish RBNZ, so I would tend to stay in rally-selling mode. GBP/AUD and EUR/AUD both continue to show signs of strength and it’s a matter of being patient and finding the best level to buy at.

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