Wake up!!, wake up!!, it’s actually moving.
USD/JPY up at 82.90 from a North American close Tuesday down around 82.40. The pairing is garnering support from recent hawkish rhetoric from various Fed officials, which has seen US treasury yields firm up.
Buy orders now seen clustered 82.50/60. I hazard a guess some stops just below there, but don’t have actual confirmation of that. Sell orders 83.00/10 and more clustered 83.25/30. Stops above there and more through 83.66 (200 dma) Some have 83.68 as 200 dma, but what’s 2 pips in the main scheme of things.
