-USD/JPY:
128.00 600 million
– AUD/USD:
0.6630 605 million
There are no options that are likely to affect today’s price movement.
USDJPY has risen due to a surprise sale of the yen by the Bank of Japan, but is currently on a downward trend. Below, there is a buy order at 125.00 and a 19th cut option, which is supported here. Above, there is a large sell order at 132.00, which is assumed to be resistance.
EURUSD is trending higher after Bank of France Governor Lagarde’s 50bp guidance is valid. Below, 1.0800-1.0825 has options for 19th, 20th, and 23rd cuts, and here is the support. Above, there is a sell order at 1.0870, which is assumed to be resistance.
Currently, the power balance on the 15 minute foot is
CHF > NZD > GBP > AUD > EUR > CAD > USD > JPY
