Bids gone, stops run as USD/JPY slams down to 118.13 118.05. It’s been more volatile in the last couple of weeks than it’s been in years.
118 is obviously the nearest line in the sand and if it goes we’re likely to see support around 117.75/80. 117.3040 is the stronger support if we get that far.
USD/JPY H1 chart 12 12 2014
The dollar weakness is helping EUR/USD up higher through 1.2400 to 1.2454 but still it only seems a dollar move rather than any love for the euro. EUR/CHF is also playing with fire as it drops below 1.2010
