EUR/USD: has had a slow week, trading heavy but holding the 1.2400-1.2500 range. With dollar buying across the board, the overnight move should continue. Stay short and add around 1.2450-60 with stops at 1.2500, for a test of last week’s low.
USD/JPY: and yen crosses remain bid amid speculation of dissolution of the lower house of the Japanese parliament and a delay in the sales-tax hike. Nov. 18 is the final day of hearing on the tax hike delay. Buy on dips towards 115.70/80.
AUD/USD: shed almost a big figure on the back of the stronger US dollar yesterday. Sell rallies towards 0.8740-50.
UBS