I am going to place a bet that the US-China situation does not lead anywhere
My only threat at the moment is an SNB intervention
Fomc is tomorrow and it seems USD weakness is on the cards, will be looking at these key areas to go in for a continued short on the dollar
Currently, USD orders are down due to lower yields creating a risk-on environment however with the US-China meeting not taking place, corona and a lack of emphasis during the Asian session I am finding it hard to commit to this ethos. So I will be keeping it risk-off, aiming to go long the Yen and preferably short the dollar
Retail numbers are coming out which may provide a decent entry/breakout momentum to get into, prior to this if the blue flags are broken into why not
Bias for today is a strong USD which I want to see in both pairs before taking the trade
Slightly pre-emptive but the earlier bird catches the worm and the there has been a clean break to suggest there are buyers in the EURUSD
Markets are currently choppy will be looking at the flag areas to potentially go long
UJ has some clear targets to the upside