Trade ideas thread – European session 27 June 2023

<p>Does the latest pullback in equities have more room to run? That is certainly one to watch as we see a continuation of the selling from last week. As mentioned <a href="https://www.forexlive.com/news/growth-worries-or-build-up-to-quarter-end-20230622/" target="_blank" rel="follow">here</a> at the time, it's a question of growth worries and/or quarter-end flows. So, we might not get much clarity until after this week has passed.</p><p>For today, the mood is calmer but let's see if that can hold up later when Europe opens and when Wall Street enters the fray.</p><p>USD/JPY remains a key pair to watch as it stays underpinned in search of a move towards 145.00 next. Meanwhile, EUR/JPY and GBP/JPY are looking to fresh highs for the year as the yen keeps on the softer side. AUD/JPY is quite the opposite though and may be caught in a series of lower highs, lower lows for the time being.</p><p>What are your views on the market right now? Share your thoughts/ideas with the ForexLive community here.</p>

This article was written by Justin Low at www.forexlive.com.