Thin Market Liquidity
TFI Markets | Sep 09, 2013 03:06AM ET
Both the Usd/Jpy and Eur/Jpy both opened with a gap up with super thin market liquidity. The Australian dollar bounced slightly on Home Loans data coming in better than expected, suggesting that the likelihood of further RBA rate cuts are slimmer. The Aud/Usd hit a high of 0.9211 on the news. Chinese CPI data came in as expected while Chinese PPI came in slightly better at -1.6% even though still negative.
Trade Idea
USDCHF
Above the 0.9395 resistance level should have the pair aiming towards the 0.9500 level.
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