AUD strongest and NZD weakest 

Against the USD

Against the USD

The AUD and the JPY are both seeing some strength at the moment with NZD fractionally weaker against the dollar. Pretty subdued price ranges as we would expect for this time of day, but EURUSD has made a technical break to the downside, hitting two year lows, with knock out option levelsbelow price, so worth watching into the European open as Eamonn has mentioned earlier.

I had expected some weakness in the JPY after the comments from Wang Yi the Chinese Foreign Minister last night on China buying more US products, but the market was not running with the story. I still think it reinforces a risk on tone and that JPY strength will be limited unless we get another catalyst.

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