Just to prove that nothing’s going in a straight line for too long right now we’ve seen this pair have a sniff around the large offers at 103.00 and posted 102.93 before retreating to perhaps re-group for a further assault
I haven’t been bullish of this pair admittedly but I’ve had better returns on my yen-bullish view this year overall. It’s understandable for USDJPY longs to be taking a bit of profit into such a big figure (103) and this pause for breath should not be taken as the pair’s last hurrah just yet.
I still think though that further advances will be harder to come by and weighed down by further EURJPY losses. What say our USD bulls/JPY bears ?
Big levels up here