Deutsche Bank have been tracking this phenomenon in recent times, with something 16 of the last 17 Monday’s turning out to be risk-off events. With rumours of possible BOJ easing measures picking up steam, could this be the Monday to buck the trend?
I’m caught short GBP/JPY from lower down and am a bit unsure what to do, never a good trait! I’m reading that there are stops above 127.90 so I guess I’ll join in and become another sacrificial lamb!