Looks like the were parked on a break of 1.6640 as we get slammed down to 1.6627
USD/JPY getting a little boost as 10 year US Treasury yields start feeling up the 2.80% level once again. We’ve been up to 103.41 so far.
If cable breaks down further towards the 1.66 handle we could see GBP/JPY down at the Nov trendline once more. It’s currently at 171.58 and could be the sterling play to get on for a bounce if 1.66 holds in GBP/USD.
GBP/JPY daily chart 10 03 2014
At the moment I’m looking at both for a small long if we test the levels.
