FXWW News/Trade Ideas/USD/JPY

USD/JPY: Vulnerable to positional squeezes

The market is very bullish USD/JPY, and already quite long, but events overnight in the CHF crosses might flow over into the Yen and cause a bit of nervous pre-FOMC position-squaring. Technically we could easily dip to 101.80 without endangering the bull trend and I see the early risk today as being to the downside.

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