JPY crosses

EUR/JPY: Here we go again, my my, how could I resist you…

Haircut 100 have been replaced today in the “Ohrwurm” stakes (a song that you can’t get out of your head) by Abba, sad but true. EUR/JPY is marching higher again as the early Swiss hedge funds hit their buy buttons like crazy. No word yet of any optionality at 110.00 but it wouldn’t surprise.

  1. That sure looks like a DNT, brushing 109.99 twice. Is it real money selling JPY on weakness expectations or a case of running run stops above 110, then bailing?

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