This may bring a little pressure to bear on the JPY crosses but the overall impact of equity markets on the FX market has been reducing over recent months. It has been having more of a short term effect. USD/JPY should be contained in a 90/91.50 range for the next few sessions and the JPY crosses are also likely to remain rangebound early in the week until the next clear move emerges.
I’ll now hand over to day-trading specialist Sam to take you through the Tokyo open.