Trump tweeted on trade and the market reacted in appropriate fashion 2 MarIf Trump wanted a reminder of what the world thinks of his trade policy then he just got one.
USDJPY down to 105.27 after finally giving up 105.50. EURUSD needing no excuse to extend gains to 1.2323. GBPUSD up to 1.3810 USDCAD 1.2860
USDCHF hanging in there but also lower at 0.9340 while AUDUSD struggling to take full advantage at 0.7763 with option interest in play.
A few USD buyers returning with some quick pips coming off the table but I’d expect USD supply to remain overall. USDJPY reportedly has barrier option interest at 105.00 though as next line in the sand.
Large EURUSD option interest at 1.2250 should now be defended higher up around 1.2280-85. Trump trying to make America great but not its currency