We tested yesterdays inflation news with the FED minutes and that was enough to smash the dollar. Inflation entered play via subsequent events with oil and China in light of the printed minutes, so that looks like it's weighing on the timing of September hikes for now. Standing aside on E/U either way until further notice.
I am planning a long term trade on NZD/JPY, but waiting for a decent trigger which could take a while. A clean monthly close below 81.40 can start things off and we'll see were we go from there. It also has to resolve 79.87 just below but I'm betting that won't be too much of headache. Failing that another test of 83.40 is on the cards, but without momentum trying for a very aggressive early entry.
I am planning a long term trade on NZD/JPY, but waiting for a decent trigger which could take a while. A clean monthly close below 81.40 can start things off and we'll see were we go from there. It also has to resolve 79.87 just below but I'm betting that won't be too much of headache. Failing that another test of 83.40 is on the cards, but without momentum trying for a very aggressive early entry.