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.

The life of a USD/JPY trader

A day in the life of a USD/JPY trader