TRADE OF THE DAY: Most of today’s volatility will be in the AUD/USD but it looks too risky to me, so I will stick with USD/JPY which has been good to me recently. Play the edges of a 97.80/98.80 range and I’m sticking with my bearish bias. The 1.12/1.15 range trade in AUD/NZD also looks like a good risk-reward play, so play those edges also with a bearish bias.
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