Today’s highlights:
USDJPY has surged higher and stays bullish for 111.60 – the 50% retracement of the 1998/2011 bear market. Above here can open up a move to 120.00.
EURJPY has surged above the 200-day average at 139.05/16, keeping our immediate bias topside for 141.25.
DXY $ Index above 86.10 should see the core bull trend resume.
EURUSD’s breakdown below 1.2605 turns the spotlight on the 1.2500/2460 support zone.
USDCHF’s break above .9560/65 retargets the .9692 October high.
NZDUSD immediate risk remains lower while still capped below the downtrend resistance at .7958.
AUDUSD has held above near-term trendline support at .8755/49.
USDCAD above 1.1079/70 leaves the trend higher to retest 1.1386.
Read the full report: FX Daily