JPY crosses/Trade Ideas

JPY crosses picking up some bullish momentum; volatility to stay for next few hours

Early Tokyo is keen to jump on the Yen-crosses bullish momentum and both EUR/JPY and AUD/JPY have rallied by around 25/30 pips. The market should remain volatile for the next hour or so with the Nikkei opening, the RBA minutes and the Tokyo fix all to happen in the next 60 minutes. I’ve added to my earlier AUD/JPY longs and will stop out now below 80.40.

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