Careful.
NYSE stocks were getting creamed in trading today. Now with the NYSE down for technical reasons, it is creating a bit more nervousness in the markets. There is a flow into the "relative safety of the JPY it seems. The CHF has also trading higher (USDCHF is trading at NY session lows There is trading on NYSE stocks on other non-floor platforms. Nevertheless, the fear factor is increased.
The USDJPY has fallen below the support target level outlined in the previous post at the 120.64 level and has now a greater than 200 pip trading range.
