JPY crosses still marching higher

No sign of this afternoon’s move higher in the JPY crosses to lose momentum. EUR/JPY has tripped stops above 104.20 and my ill-advised sortie into GBP/JPY has also met a sad end.

  1. Sean & all,

    I know its end of the day on your side, but have a look at this:


    It seems somewhere in the 80.30/80.50 the USDJPY will meet its resistance, possibly stay at these levels till the 30th of October and then either break the major weekly trendline resistance or rebound to go downwards towards 75.

    Interesting times for the JPY!!!

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