USD/JPY fell a bit lower on Tuesday, and is now approaching the 76 handle. The closer we get to this level, the more interested we become in buying it. The level has held up nicely in recent times, and it seems that we are settling into a nice tight range. We are looking for a 50 pip gain. (or so.)
USD/CAD continues to fall on Tuesday as the oil markets got a bid. The pair is also being held hostage to global risk, and the USD could get a bid anytime. With both of these factors in play, we feel the recent 200 pip range continues, and a scalping environment may continue.
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