Nikkei +3%, USD/JPY makes new highs

The USD remains pretty well bid in Asia though I’m still not quite sure why the market is so bulled up on the greenback. USD/JPY has breached technical resistance at 87.60 but as we saw with cable on Wednesday, there can be plenty of false breaks at this time of year.

Leave a Reply

Your email address will not be published. Required fields are marked *