USD/JPY breaks the figure
USD/JPY has completed the round trip from last week's squeeze higher.
This looks like a classic fake breakout and reversal but I can't shake the uneasy felling of uncertainty after last week's squeeze in the yen.
I thought we might see some stops below 110.00 and there was a quick move to 109.89 on the break but a dozen pips is hardly anything to get excited about in what's an increasingly volatile market.
