Ordinarily i would expect London to sell the living daylights out of the AUD, Cable and EUR against the USD and the JPY but as Sean pointed out to me earlier, the JPY crosses haven’t acted as we would have expected given that the equity markets look like approaching zero at some stage tonight!
The Cable has managed to stay away from the important 1.4100 level so far but the AUD/USD did dip briefly below the 0.6300 level i have been harping on about for so long, but has failed to go on with it just yet. The EUR/USD continues to look shaky after the EU Summit in Brussels again promised the earth but delivered an atlas!
Aside from looking at AUD/CAD and thinking the AUD/USD may bounce back to 0.6400, i am happy to ease into the week and see if Asia has in fact got it right for a change.
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