Barriers, stop-losses, and plenty of rumours; just another day in the FX market! There have been no big fundamental changes overnight so many of these moves can be treated as extreme noise.

There are some exceptions, mainly USD/JPY, where the dominant bull-trend has broken a big psychological level so this move must be respected. I’m thinking it might be a day to buy dips in the Yen crosses, GBP/JPY or EUR/JPY perhaps?