AUD 0.00% 1.4820 australian dollar

Further update on the status of this week's FX gaps. The USDJPY...

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    Further update on the status of this week's FX gaps.

    The USDJPY closed overnight making it the of this week's gaps to close - all this week's gaps (and my gap trades) now closed (see data table):

    2016-08-08 Monday gap table v3 update 2.PNG

    So the only 3 gaps for this year still open are the 3 GBP gaps:

    AUDGBP - currently at 405 pips
    GBPEUR - currently at 718 pips
    GBPUSD  - currently at 683 pips

    All 3 have been widening since last week's BOE rate decision & following commentary about supporting England's post Brexit economy, so I expect them to stay open quite a while longer.

    Cheers, Sharks.
 
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