Damn it. I was itching to hit a break of 118 but alas it wasn’t to be. I suspect we’ve seen the crux of the moves now as bonds and stocks steady.
From here I would think that we could go either way, to 119.50 or back to 118.50 and find ourselves all worn out for the rest of the day. I certainly won’t be looking to jump in anywhere around the middle here.
If you grabbed the bounce then well done and you might want to think about locking some in.
A day in the life of a USD/JPY trader
