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Mixed USD flow month end, still firmer against the EUR but struggling against the JPY again

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 29, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    A very choppy session in FX, though this is usually the case on a Monday – month end flow causing minor fluctuations . The key theme from Asia was the sell-off in USD/JPY, but we managed to hold the session lows despite some soft 2nd tier data in the US, with the USD on the front foot against the EUR again as the single unit continues to suffer ahead of the March ECB meeting. Losses against the AUD were notable after the PBoC cut the RRR by 0.5%, the announcement coming out at the same time as

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