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Trading Video: Which Breaks First - EURUSD, AUDUSD or USDJPY?

Trading Video: Which Breaks First - EURUSD, AUDUSD or USDJPY?

John Kicklighter, Chief Strategist

Talking Points:

• Volatility levels have tempered from last week, but speculative interests are still changing

Yen crosses are the FX tipping point for 'risk' trends, but the Euro has just as much tied to the theme

• Scheduled event risk puts the Aussie Dollar and Pound in the crosshairs today

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Some of the sting of last week's volatility surge has softened, but the gradual shift to greater trading activity looks to carry some permanence. Amongst the pairs most exposed to the tides of speculative sentiment in the FX market, EURUSD and the Euro crosses are far more sensitive - which marks the recent rebound for the currency with a consider level of risk. The benchmark for a systemic shift in conviction though in the FX market rests with the Yen crosses. These carry trades have little yield and a fading support from the BoJ's stimulus efforts. Meanwhile, the docket will fill out for certain currencies. The Aussie dollar faces the RBA decision today and the Pound's persistent retreat will heighten its sensitive to data like today's PMI statistics. We talk trading themes and short-term conditions in today's trading video.

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