JPY crosses

NZD/JPY leading the way, up almost 1.5% today

I don’t have any access today to interbank NZD dealers but I think its safe to say that liquidity is almost non-existent. NZD/JPY is up over 1.5% from earlier session lows. Congrats to those brave souls who are riding this pair higher but best left alone for the rest of us I think.

  1. Hi Rehan, mkt is totally silly at the moment so best no trying to guess what goes where. If already long on NZD/JPY or USD/JPY, then well done, but otherwise I’d only be guessing what happens. I’d say keep watching closely for signs of tiredness in all Yen crosses but keep stops fairly tight

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