Friday 15 September 07:40 UK time.

The Euro weakness has abated for now and is showing a mild recovery after falling yesterday, i still think it will be tradeable short but it has a little too much momentum this morning. Meanwhile, the 'risk tone' is mildy positive following positive Data from china in the Asian session. The JPY is weakening and I believe is a viable short in a continuation of short yen interest rate differential trade. It's tradeable Vs a commodity currency or the USD. I've gone with USD again. The risk to the trade is simply JPY strength.