USD/JPY stops break though exporter offers

A post-data jump in USD/JPY broke through offers at 99.50 and popped to 99.62.

That clears out most of the near-term orderboard. The focus now shifts to 100.00 and offers protecting the big figure.

I look to technicals at this point and if USD/JPY closes above 99.34 there is a massive bullish engulfing candle reversal on the chart.

USDJPY technical analysis Sept 19

EUR/JPY, meanwhile, looks like it wants to go stratospheric after busting through the annual highs.

Featured Videos