The JPY crosses and the USD were trying to build momentum and managed to do so for three successive sessions but that changed in NY overnight and we saw a decent bounce back in pairs like AUD/JPY and GBP/JPY. The markets have been choppy for the last few months and the last two Monday’s are typical examples, risk-on and risk-off on successive Monday’s but the sentiment couldn’t sustain itself. Let’s see if this time is any different.
Good luck today.