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All focus on JPY

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 7, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    All focus is on the JPY at the present time, and having enjoyed a period of relative stability inside 110-115.00, USD/JPY is now facing the prospect of 105.00 on the downside. 108.00 is the last big figure level to give way, trading through to 107.90 at the time of writing. The market continues to pile on the pressure with the lack of BoJ/MoF presence encouraging specs to pound away on the downside. The cross rates have all broken notable support levels in the process, notably EUR/JPY through

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