JPY crosses/USD/JPY

Nikkei getting hammered, USD/JPY nearing important support

The Nikkei has had an extremely nasty reversal, now almost 4% lower after being in positive territory in early trade. The Yen crosses like AUD/JPY led the way this morning but USD/JPY has now taken over the lead and is falling quickly towards important support near 102.25.

    1. Hi Sean, so far it looks like USDCHF is not falling as much as USDJPY. I was fortunate to get in small AUDJPY short at 9990. Certainly the speed of the fall surprised me. Now let’s see how far it goes…

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