The dippers come looking for a bargain after fall to 123.76
You can't keep a good dollar down and after a brief drop below 124.00 we've bounced back to 124.13
USDJPY daily chart
123.85/90 is where I would have expected some support to come in but the stop induced move was pretty strong. Still, it's highlighted where support is lying and we're likely to see more at 123.60/65
To the upside we're finding resistance at 124.20 with more mild res seen at 124.30/40, then stronger at 124.50
USDJPY 15m chart
We haven't had a good old flush out like that for a long while and it's another reminder how fickle these markets can be
