After retracement in Usd/Jpy been cancelled out mostly,
traders are now selling the yen again - and it looks like a continuation of last week again
Usd/Jpy has gained a lot of ground yesterday, and is now struggling with 104.3 resistance area,
but a break of this level is expected soon,
the yen crosses will be moving up along with Usd/Jpy strength
I have bought Eur/Jpy, and Gbp/Jpy again after overnight retracement,
when Usd/Jpy pulled back from 104.3 resistance area, and these pairs followed retreat
I am also long Chf/Jpy as it seems well supported above 114 now
Another pair that grabbed my attention is Aud/Nzd - it is being sold heavily
but is now a lowest point in years, and supported around 106,
a drop last night of 200 pips made me decide to buy around this level, hoping for a little pullback to around 107
with a stop below 106.3 - lowest since 2008
traders are now selling the yen again - and it looks like a continuation of last week again
Usd/Jpy has gained a lot of ground yesterday, and is now struggling with 104.3 resistance area,
but a break of this level is expected soon,
the yen crosses will be moving up along with Usd/Jpy strength
I have bought Eur/Jpy, and Gbp/Jpy again after overnight retracement,
when Usd/Jpy pulled back from 104.3 resistance area, and these pairs followed retreat
I am also long Chf/Jpy as it seems well supported above 114 now
Another pair that grabbed my attention is Aud/Nzd - it is being sold heavily
but is now a lowest point in years, and supported around 106,
a drop last night of 200 pips made me decide to buy around this level, hoping for a little pullback to around 107
with a stop below 106.3 - lowest since 2008