Yes folks, it's time for some risk-off sentiment again as equities remain soft
USDJPY down to 108.95 from 109.20 but it's other yen pairs taking the bigger hit as risk-off trades prevail again.
Hedge-fund fave GBPJPY now back down to 151.75 from 152.85 sending GBPUSD tumbling to 1.3917 after failing at 1.4000 earlier. Happy days for rally sellers. I'm taking some money off down here but remain core short.
EURUSD down to 1.2360 from 1.2435 as EURJPY falls again to 134.72. Similar story across other core pairs with AUDUSD down to 0.7849, NZDUSD 0.7284 and USDCAD up to 1.2560.
USDCHF is up to 0.9360 after holding 0.9300 amid talk of SNB support but that's still not helping EURCHF which is back down again to 1.1570 after failing around 1.1600. CHFJPY falling again 116.43 after finding a cap at 117.20
DAX currently off its lows but still down -2.4% at 12384, with FTSE and CAC40 similarly off lows but session highs too and both down over 2.3%. US equity futures paring some losses again so USD demand generally is the way of it understandably.
Oil trading on session lows while gold is trying to make its mind up whether it's a safe-haven or a metal.
Blink and you miss it at the moment. Discipline and entry level value paramount. Oh, and yes don't be too greedy but use trailing stops for protection if you feel there's more in these moves which I wouldn't rule out.
