USD/JPY had a bullish day for the Wednesday session as the run to the Dollar continues in the currency markets. The pair is being propped up by the Bank of Japan, but the trend is most obviously down. Because of this we think this latest pop in the price will be a selling opportunity.
EUR/USD finally gave way to the pressure on Wednesday. The Germans had a poor bond auction, and as a result we saw the Euro lose ground against most other currencies around the world. With this in mind, we think 1.31 will be tested soon.
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