I mentioned just now that I felt the USDJPY rallies felt weak and so its proved.
After a crawl back up to 102.33 we’ve since dived to 101.86 which will undoubtedly spook a few intra-day yen bears.
EURJPY still coming lower after breaching 131.50 and chewed through buy-orders at 131.30 before stalling at 131.18.
Demand for both pairs remains in the dips and we’re back to 101.98 and 131.33 but both look suspect still. Good two-way action to please both bulls and bears and earn a few pips but entry levels as always remain key.
