I like to group currencies, here are my grouping:
Group 1: EUR, CHF (weakest in near term esp. CHF)
Group 2: GBP, AUD, NZD, CAD (turn out to remain strong under high-yield background and GBP, AUD continue to have rate hike)
Group 3: USD, JPY (I trade them higher)
At the above grouping, USDJPY heading south will not drag EUR or CHF on strengthing much, CHFJPY has been testing 80.00 psychological mark and EURJPY embarking toward 125.00.
However, if Euro traded down again, USDJPY should find some recoveries before another selloff in the following Japanese session..
Just my 2cp
Yup777