JPY crosses/Technical Analysis/USD/JPY

EUR/JPY: Gets smashed back to pre-BOJ levels

I think the market has had a good long look at the BOJ details and decided that its unlikely to have any lasting effect, hence the EUR/JPY reversal.

There is solid technical support in the cross at 102.40 and again at 102.20 and I’m still keen to re-enter my USD/JPY longs around 78.70/75 (and it looks like I’ll get them).

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