Nikkei breaks intraday support, Yen buying accelerates

The Japanese Yen has been emboldened in the first hours of Tokyo, with the currency building on recent gains since mid US session, mainly favoured by the strong positive correlation observed with the Nikkei 225.
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NZD/USD posts bearish “long-tailed” candle Monday – possible downside to follow

The NZD/USD cross had bounced nicely off the “neckline” support of what appears (still) to be a “head & shoulders” topping formation. However, the rally may have just hit a wall after posting a candle resembling a “shooting star” bearish reversal on Monday.
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