USD/JPY continues to be ping-ponged around by political headlines. Interestingly, Goldman Sachs call on USD/JPY from a couple of weeks ago said to “short USD/JPY around 97.30, targetting 94.00, stop on close above 98.80″.
By pretty much any measure you like, it hasn’t been a great call – but with the stop so close, if you still like it, maybe now is the time to establish that short
- Sellers 99.00
- Sellers 98.75, with stop loss buy orders building above here
- Buyers 98.00/05
- Some trading stops below 97.95 (not large at present)
- Buyers 97.50