Forex: Which is the Better Risk Trade - EURUSD or EURJPY?
US equities have marked a critical break and extended the selling, adding speculative and fundamental weight to a larger risk aversion move across the market. There are plenty of well-positioned pairs that can take advantage of a sustained 'risk off' move like the EURJPY and AUDJPY. Yet, in this supposedly significant move, we have not seen the Forex market's preferred safe haven - the US dollar - gain traction. Why are EURJPY and EURJPY deviating? Is this a catch up move or are risk trend actually flimsy? We discuss this and more in today's video.
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.