A Blog of Commentary and Ideas from an FXstreet Premium Member by 
Greetings, Everyone and welcome to Tuesday!
Price Appreciation across The Markets yesterday simply calls for One Thought moving forward…
Corrective Retracements.
Of course this is not always the case, but in the Current Environment of “Risk Appetite/Risk Aversion” Rotation… we certainly have Precedence for such Behavior.
The Bank of Japan is also interested in increasing their Builds of Bonds, while the Reserve Bank of Australia looks to a rather “Hawkish” Outlook for economic recovery moving towards the end of the year.
This Rhetoric has both the Australian Dollar reaching for a bit more Strength, and The Yen possibly seeing a bit more Weakness… prior to any “Technical” Retracement Activity.
This can be Illustrated by Price looking to “Re-Test” Key Resistance Areas… PRIOR to Full Retracement Sentiment.
Of course this is my personal interpretation of the Data Translation to Price… so it may be a bit esoteric.
Here are the Captures of the Hourlies for EUR/JPY and AUD/JPY, so give them a Click for Commentary.
Post-Time is 1:45 GMT.
Please keep in mind my Thoughts on the Corrections here are relatively Short-Term… as Macro-Sentiment looks for Continued Price Appreciation moving forward.
The Euro Yen looks to the Static Resistance Areas of 131.00/131.75 in the Near-Term.
Aussie Yen looks toward the 75.00 Handle in the near-Term if Corrections complete and follow-through with Upside Sentiment.
Please join me in a few Hours for the “Currency Majors Technical Perspective” Report around 7:00 GMT, as we see how the Majors are working in this Climate with a little more Detail in the Immediate-Term!
