Flows and Orders/FXWW News/Trade Ideas/USD/JPY

USD/JPY looking very soft as crosses turn south

  • Market is already quite long of USD/JPY according to most reports;
  • EUR/JPY turned sharply lower yesterday after touching 140 and now it’s the turn of AUD/JPY to fall;
  • More losses likely in the short-term in USD/JPY from it’s current levels near 102.35 imho;
  • Market to target stops below 101.90.

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