EUR long 22K vs 2K short last week. Longs increased by 24K
Markets did not react to the news about another North Korean missile test. Asian stock markets had a solid performance overall, and commodity currencies rose overnight, indicating that risk appetite remains intact for now.
EUR/USD opened in Asia around 1.0930, unchanged from Friday's close. The currency rose on Friday on rumours that the ECB might signal the end of its ultra-loose monetary policy this summer. However, those are still only rumours. EUR/USD faces resistance at 1.0950, followed by 1.10.
USD/JPY recovered slightly overnight. Resistance is now seen at the former support area between 113.70 and 113.80. Key support is noted at 113. Should USD/JPY break below it, further losses towards 112.20 seem likely.
AUD/USD traded in a 0.7385-0.74 range overnight. Resistance at 0.7420/25 has proven to be strong. A clear break above it would then signal a move towards 0.75 though.
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