Flows and Orders/FXWW News/USD/JPY

USD/JPY gapping lower in early Tokyo

Just as well we waited for confirmation of those bids at 102.00 as there appears to have been nothing at all. The market gapped straight lower to 101.80 and with some very large long positions still being reported from the big Prime Brokers, I’d be wary of trying to pick a base.

  1. Good morning Sean. Yup , i remember you saying something about some black swans lurking around the corners :). Got burned on this one badly so i’m quietly waiting for markets to chill…

  2. Hi Adrian, I don’t really understand what’s happening at mom so I’m also on sidelines apart from few small l/t trades. Those black swans have a particularly nasty bite

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