JPY crosses

EUR/JPY still not backing off

There was one very large flow which went through the EUR/JPY market a few hours ago, hitting all platforms at the same time and there might still be some residual shorts out there; at least that’s the way it’s trading at present with little or no pull-back. There is little in the way of technical resistance close by to deter the bulls or attract sellers so we may yet get another surge before Tokyo shuts up shop for the week.

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