by Chris Becker
A mild selloff in Asian stocks to end the week, with a weak lead from overseas overnight and lack of economic catlaysts in the region to go off. The Yen tried to sell off again once Tokyo opened this morning but failed, rallying across the session:
Its obvious that a breakout above the 106.30 region is required tonight to reverse that trend, but it seems no action is the call on most currencies today, with the Aussie dollar also failing to show any resilience, dipping into the mid 74.50s before rallying later in the session. That rolling resistance overhead at 75 cents against USD (and Yen and Pound) just can’t be beat right now:
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