105.51 the new high after MOF story
I'd like to say this is what I planned for with my BOJ long but this has just been a bonus that's come out of left field. That should be enough to keep a bid in the JPY pairs up to the BOJ, unless we get any rebuttals.
I've taken half my long off for 90 pips and will lock in the balance and run the rest. It's now a free trade so I'll sleep soundly tonight and see what the mess is like in the morning.
In the meanwhile, 105.50 is providing the next resistance up here.
USDJPY 15m chart
Support should now be seen around 105.20/25 but be prepared for conditions to thin out as the hours roll off, which could make moves more volatile.
