Risk-Weighted Index: Bullish Outlook, Watch Break of Triangle

A break higher in the risk index is set to reignite further weakness in the Japanese Yen crosses. The current formation of a narrowing triangle supports the 'risk on' environment heading into Thursday.

It's also interesting to see how the 100-hourly MA has been acting as a reliable indicator guiding the risk rally. Keep an eye as a measurement to assess the overall risk backdrop.