It’s alive!
USD/JPY has broken to the downside in the last few minutes, slipping below its 200 day moving average.
The move is a bit counter-intuitive given EUR strength this morning would suggest a “risk on” environment. What can’t go up, must go down!
We triggered stops below 91.00 and 90.80; support comes in now around 90.50/55. The 200 day is at 90.91, for your guide.
