AUD$ had mentioned offers from a few macros late NY Session on Friday @0.9420 and now looks to test 0.9375 as i had previously mentioned. There is talk on Eikon of options worth 251M @0.9350 expiring NY cut on Thursday.

Noted the following this morning:
Offers @101.95/102 on $JPY,
Bids @0.8539 on NZD$
Possible selling pressure @1.0830(200dma) on USDCAD

All the best this week.

@Internet well in on the trade. Dont usually trade that cross due to the large spread and wild swings

Interesting yen futures setup on the weeklies. The yen has not been able to float above the 50 SMA since Feb 2012. The selling caused by abenomics yen flooding to boost the jap econ has now run its course. Price is now flirting with the 50 SMA in a sideways market with a series of higher lows since Jan 2014. Price is now forming an ascending triangle which needs a strong breakout above the 50 SMA and close above that SMA to confirm the low is basing out. Longs favoured on that setup confirmation. An expensive yen is coming soon and it'll rip off the GBP, CHF and EUR the most.

Gold should drop to about 1290s before resuming the uptrend

Huge barrier option @1.34 on EUR$ with a number of noted bids @1.3405

I expect gold to turn bullish at 1292 and move strongly upward.