Apologies for my silence over the past couple of days, I will try to write a recap of the trades of interest that happened during this period later.
The JPY has continued to strengthen and has reached a level against the USD not seen since early April. Meanwhile the USD has continued to weaken against EUR and GBP, but the main story remains USDJPY.
This morning since Frankfurt open USD has been strengthening somewhat, particularly against the risk currencies.
There has been a MTFM trade set up short on GBPUSD a few minutes ago, however I am ignoring this as we are very close to the zone for considering a long Demand Return trade, which tend to have a better win rate than the MTFM trade.
It may be a slow day as there is little news expected, and we saw large moves yesterday.
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