USD/JPY and USD/CHF both made decent retracements overnight after the market had gotten a little over-exuberant on the USD bull move. If the Japanese retail market has also gotten itself overly long of USD/JPY, then we may see some more long-liquidation on ‘risk-off’ Friday.
Nothing of note on the economic calendar and with the Chinese leaders conference now packing up, it might be another slow one!
Good luck today and TGIF.
