Another bout of selling on the Shanghai Composite, now down 5.3%, has put more downward pressure on Yen crosses. The EURJPY has been hit back to 132.20 with more stops reported below 132.00. AUDJPY has also taken a hit lower, sending the AUDUSD back to 8380 and GBPJPY down towards 150.
Im hearing technical traders are watching the Nikkei’s close. We have an outside candle formation at the moment and a close under 10534 may confirm a temporary top in place.