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.