USD/JPY: We could be in for more nasty swings
I think the day-traders have better chances than the position takers in USD/JPY as it seems to change its direction at the least expected moments. I’m not even going to try and pick levels, we need to be glued to the screens to trade this.
I’m still overall bearish USD but I’m not sure what Yen crosses will do so I’m a bit wary of getting involved. Sell-bias intraday I’d suggest with an initial target at 98.25.