At the moment the market is not being driven by USDJPY, but more by the risk currencies.
Looking at the daily charts, EUR is strong, GBP is weak, and AUD is choppy but on the weak side.
The pair catching my eye right now is EURUSD for several reasons.
Looking at the daily chart, the downtrend bottomed out in a strong demand zone and has produced two consecutive bullish days. We have a Demand Return set-up long (this zone is marked by the red lines) and the price has returned to 1.2903. We can search for longs on the 15 minute chart. It is also a good sign that the price so far is being held by the round number 1.29.
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