Yen pairs rise as Ukraine tensions ease

Morning Report: 09:00 London

• This morning, markets have continued to rebound from Monday’s shock sell off with commodities and commodity related currencies leading the charge.

• Stock markets saw a huge rally yesterday and are now in danger of looking a little too hot.

                           
                     
• The Australian and New Zealand dollars are looking strong after Australian GDP came in above estimates at 12:30.

• The yen pairs are also moving fast as money flows out of the safe haven yen and back into more speculative assets.

Coming up today:
• Coming up today we have UK services PMI, followed by European retail sales at 10.00.
• From 13.15, we have US ADP Non Farm Employment change, followed by ISM non manufacturing at 15.00. Canadian rates are released also at 15.00.

Trade Idea:
• The Ukraine relief rally has been quite remarkable, but there is a danger that his has blown too hot too soon, especially when you consider that Russian troops are still in Crimea with separatist movements emerging.


                             

A prime pair for a pullback is the AUD/ JPY and a good way to play this is a LOWER trade predicting that the AUD/ JPY closes below 91.50 in 2 days time for a potential return of 163%  

This is presented as an idea to stimulate fixed odds financial betting ideas and is not financial advice. 

Summary: