Greece drama trigger a risk off environment recently. However, today the S&P500
made a remarkable V shape reversal off a key support. I personally see the index have room to rally to a new high or close to the previous one. This possible risk-on period could potentially offer us a bigger risk off play going forward. Look around the JPY-cross, all the commodity-JPY made a significant lower high. I see only the USD, GBP are capable of rallying to new high. All the else offer us great opportunity to short in the future. Talking about AUDJPY
to be specific, I see 93.3-94 area to be an ideal zone to look for short. Stretch to 94.8 is possible but unlikely.
play GBP, USDJPY
for the long side and possible new high. Using the rally to look for short of AUDJPY