Forex: EURJPY Faces the Deepest Reversal but NZDJPY More Active
• Risk aversion is the most ominous threat to FX and capital markets but it is difficult to jump start
• A EURJPY or S&P 500 collapse are just two of the many trade options for the optimal scenario
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It is tempting to daydream about - and position for - a full-scale risk aversion move; but it is best to wait until such a kinetic theme is realized before trading it. That doesn't mean, however, that there aren't trade setups in this sentiment purgatory. In today's video, we discuss productive developments in the non-risk bound (GBPUSD), the eager fear trades (yen crosses) and those that straddle the line (NZDJPY and the yen crosses).
Use the DailyFX-Plus Technical Analyzer to identify possible trade setups.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.