Day Trading tip: The side of the mqrket more vulnerable is the one where there are day stops… market will probe to see if there are stops… and example is the current attemot to test EURUSD 1.06
Buying EURUSD while tensions with Russia are rising is not logical.
Russian Foreign Minister Lavrov in response to Ukraine’s attack against Russia border region with US made ATACMS missiles, says it is a signal they seek escalation
Bi-polar trading continues. USDJPY down Friday, up Monday, down Tuesday.
Catalyst: Correlation with lower bond yields elsewhere (see update below) has seen UDJPY firm both vs the USD and on its crosses (note EURJPY)
In any case, failure to establish 155+ puts range at 152-155 where 152.14 is key support and needs to trade hold 153,40 (briefly broken) to cool the downside risk.
Feeble attempt at 1.0600, where there were sellers and not stops  puts the focus back on 1.0550 as the bias setter as long as it trades between 1.05-1.06
To keep the downside contained, EURUSD need to stay above 1.0530 (briefly broken).
AudJpy will either break over 101 and run, EurJpy will do the same around the area I noted earlier and UsdJpy will head for the higher mark I sighted, or they all collapse with UsdJpy not reaching that mark. Side note, RBA minutes tonight.