Nasdaq Leads the Uneven Risk Advance, USDJPY Tears Attention from EURUSD

Nasdaq, USDJPY, EURUSD Talking Points:

• Risk trends took a very modest jog higher this past session as coronavirus and growth headlines seemed to ebb modestly
• Stand out in the risk crowd was the Nasdaq 100 which pushed a fresh record high and USDJPY breaking from a multi-year congestion pattern
• Momentum in the standout moves and systemic breadth in sentiment awaits a tangible handle - perhaps Friday's run of February PMIs

See how retail traders are positioning in USDJPY, EURUSD, the Nasdaq along with other FX majors, indices, gold and oil intraday using the DailyFX speculative positioning data on the sentiment page. (https://www.dailyfx.com/sentiment?ref-author=Kicklighter&CHID=9&QPID=917719)

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