JPY

The recent sharp fall of different asset class may slow down JPY's weakness.

All JPY crosses are showing some signs of exhaustion and it likely to cap the upside of USD/JPY below 84 for the time being.

Technical development of USD/JPY in hourly chart may point to a short term retracement.

Thus, Ppl already long USD/JPY may think of taking profit at 83.60, and re-enter the position if the pair trades near 82.00 again.

Is Xaron still on this forum...usdjpy popping above 82...poss double bottom in this pair now and test of 84 in coming sessions??

closing half of usd jpy at 8145 +100 pips

Ashraf and Forum,
Do you think it possible to break 79.75, looking to enter after FOMC later this evening, for the medium to long term? Patiently waiting.
Done well trading Euro last couple weeks between 1.40 and 1.3750 on the short side but looking for a longer term here.

Thankyou

V suspicious spike in USDJPY thia am....most likely caused by some algo-bot going haywire