USD/JPY cut through the aforementioned buy stops above 112.20 and has quickly rallied to 112.46. More offers noted at 112.50. Feels like we’ll blink and be at 120.
The move isn’t confined to that pair as USD/CAD also rallied above 1.13 and quickly to 1.1320. Corporate offers are said to stretch up to 1.1335 with more stops above 1.1340, 1.1385 and 1.1400.
