Those big option-related stops that we’ve been watching below 79.25 in USD/JPY got obliterated in the last 20 minutes and USD/JPY has traded to a low of 78.49. As usual the market took advantage of very thin trading conditions around the close to get the job done. USD/CHF has been dragged with it but technical support there at .8270 (historic lows) is intact so far. Looks like we might have a really busy one again.
Good luck today
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