Flows and Orders/USD/JPY

USD/JPY: Trying to sneak higher but momentum lacking

The market looks like it’s hoping for Deja Vu all over again 🙂 Remember the last BOJ meeting when we spent the entire day around 78.50/60 and then spiked to 79.20 on the BOJ measures? The market is already long according to interbank reports and there are plenty of sell orders now starting at 78.80.

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