If we look back to the calendar .... remember we got a good CPI, decent unemployment claims , and not bad GDP . Also the EUR area got good results. So i stay sidelines for this pair.
My safest bets are short on aud/usd. Because, falling in commodity prices, RBA expected to cut rates and issues with its main trading partner with a desacelerating economy ( check monday PMI) therefore a lower demand.
long usd/jpy. Because, even the data release improved still far from being decent ( negative house hold spending , negative retail sales ....is this how they achieve inflation? ) , their massive QE to achieve 2%, they mentioned that they will increase or use more tools to reach this goal.
My 2c
My safest bets are short on aud/usd. Because, falling in commodity prices, RBA expected to cut rates and issues with its main trading partner with a desacelerating economy ( check monday PMI) therefore a lower demand.
long usd/jpy. Because, even the data release improved still far from being decent ( negative house hold spending , negative retail sales ....is this how they achieve inflation? ) , their massive QE to achieve 2%, they mentioned that they will increase or use more tools to reach this goal.
My 2c