Yen slips but markets treading water

Morning Report: 08.15 London

• This morning, markets are generally waiting for further stimulus after digesting Friday’s Non Farm Payroll numbers. The early morning data has been mixed with Chinese PPI dropping again 1.4% and Australian ANZ job advertising dipping 0.8%.

• The yen pairs are the biggest movers with the EUR/ JPY showing signs of continuing Friday’s strength.


• The AUD/JPY gapped higher on the Sunday night/ Monday open, but slipping lower since. The AUD/USD is showing a similar trend.

Coming up today:

• Coming up today, we have German industrial production at 11.00.

• BOE governor governor Carney speaks at 17.15.

• Finally, FOMC member Bullard speaks 18.05.

Trade Idea:

• With the euro surging on Friday and showing early signs of strength this morning, the EUR/ JPY could be the pair to play today.

• Although near the highs, there could be further upside from here over the coming days.

This Daily Market Report is written by Dave Evans, Professional Trader. This is presented as an idea to stimulate binary option trading ideas and is not a financial advice.

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