It was a bit of a mixed bag last session. Risk aversion was back with growing concern about a post pandemic recovery as US weekly unemployment claims rose unexpectedly.  US Bonds were higher and yields lower, as was the US$. I suspect the announcement about the Tokyo lock down might have been at least partly behind the sharp move higher with the Yen. Momentum continues to decline across a lot of instruments so caution is needed as these short, knee-jerk market moves continue.

 

Data:

 

DXY daily: lower on Thursday:

 

Trend line breakouts: The sharp Yen moves triggered after the Asian session; as the 30 minute charts reveal.

AUD/JPY:

AUD/JPY 4hr: a TL b/o for 120 pips:

 

AUD/JPY 30 min: note how this move was able to be caught by short-term traders at the end of the Asian session:

 

USD/JPY

USD/JPY 4hr: a TL b/o for 70 pips:

 

USD/JPY 30 min: note how this move was able to be caught by short-term traders at the end of the Asian session:

 

GBP/JPY

GBP/JPY 4hr: a TL b/o for 160 pips:

 

GBP/JPY 30 min: note how this move was able to be caught by short-term traders at the end of the Asian session:

 

Gold 4hr: still consolidating near $1,800:

 

NZD/USD 4hr: a small TL b/o for 40 pips BUT watch for any support from the monthly 200 EMA:

 

Other markets:

S&P400 4hr: choppy above 4,300 BUT still a bit Bull Flag like here?

 

ASX-200 4hr: broad choppy moves:

 

EUR/USD 4hr: holding up surprisingly well:

 

AUD/USD 4hr: revised trend lines here:

 

GBP/USD 4hr: little changed: