FX market in choppy consolidation

Source: www.forexlive.com

The USD is maintaining its gains from Friday night and it seems to have the momentum on its side at the moment. We may have to wait for Europe to come in before we see any major moves as Asia is doing it’s usual consolidation. The most likely big move would be if USD/JPY can break above 99.00. This would likely set off a chain reaction in the other majors and in the JPY crosses.


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