Rinse «n» repeat as USDJPY retreats from 114.30 again

More of the same from USDJPY this morning 27 OctI’ve been advocating shorts up in that region this week and today has worked again for a few pips as we see 113.93 posted after 114.32 highs.
Decent supply/res up there but also added option interest helping to cap/push lower. Also EURJPY and GBPJPY selling going through and capping core pairs.
CHFJPY supply also sees USDCHF post 1.004 for the first time since May 2016
Demand/support around 113.80 the initial hurdle if we are to push even lower.
Rinse n repeat working again. I do say not to get too greedy or over-excited about extended moves.

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