USD/JPY stuck in the chop

Author: Adam Button | Category: News

There is talk of a big bid below 81.70 in USD/JPY.

The pair rebounded from 81.69 earlier but it will take a move over 81.95 to generate any sort of momentum.

Like almost everyone, I prefer being long the yen crosses but we might need a deeper correction in EUR/JPY and GBP/JPY before they start to look appetizing.

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