Most of the major pairings are trading near their NY closing levels from Friday, with EUR/USD currently at 1.3190, USD/JPY at 81.80 and cable at 1.5835. The USD seems to be reasserting it’s short-term bullish trend and buying dips in pairs like USD/JPY and USD/CHF does seem like the path of least resistance. With the JPY crosses also on the rise, the bullish-USD path is not so smooth in pairs like AUD/USD.
Good luck today.
