Another decent rally for USDJPY but sellers lurking 2 Aug
We've seen a decent spike in USDJPY in the past hour from 110.55 to 110.92 with repeated comments from Funo on BOJ nowhere near price target catching the algos eye again.
The move back up through 110.60 triggered some stops and we saw 110.92 in rapid time.
Currently 110.82 we have decent offers/res around 111.00 still but should expect demand now back into 110.60 so there's the current range.
Maybe a risk sentiment move given that other pairs standing still so yen pairs all higher too.
USDJPY
