I think the market has turned universally bullish on the yen crosses and as I said on Friday, there is no knowing where and when these moves will end. Dips will be vicious from time to time when the very short-term players get caught at the wrong levels, but for now at least we must wait on those dip opportunities.
Normally after big overnight moves, Tokyo will come in and take some profit but I’m not sure that we are experiencing ‘normal’ markets at the moment.