Asia Woes Pressure Markets 

Morning Report: 08:30 London

• .This morning, markets are struggling after waves of negative news from Asia. Chinese PMI slipped, while the Bank of Japan minutes offered no hope of stimulus. This morning, Europe has followed suit with German factory orders and French industrial production coming in below estimates.
         

• The yen pairs are the big movers as cautious trading takes hold.
                                                                                                                                                           

• Dollar pairs are also on the back foot, as the NZD/USD recovers from yesterday’s volatility.

 • Commodities are performing a little better though with silver and gold nudging higher.

                             
                             
                             
Coming up today:

• Coming up today we have Canadian building permits at 13.30, released alongside US non farm productivity and unit labour costs.

• Fed Chair Yellen testifies at 15.00.

Trade Idea:

• The USD/JPY is sitting right above support and is set for three days of losses.

• When the USD/JPY catches a trend, no amount of support can hold a losing run which makes a downside bet attractive.

                             

A good way to play this is a LOWER trade predicting that the USD/JPY will close below 101.25 in 5 days time. This could return 149% if successful.

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

Summary: