It’s comeback is almost as quick as its decline…USD/JPY has bounced back to the 90.90s after finding solid buying just ahead of 90.50. We’ve overcome offers at 90.90, an area that was replete with stop-loss orders on the way lower and now trade at 90.97.
Stops are seen above the 91.10 area now. Expect a short-covering scramble if they are triggered…
