Early selling has been reversed already 25 July 2016
What doesn't go down must invariably go back up and we've now seen some yen-pair demand after the initial supply.
USDJPY held the 106.00 support/demand I highlighted and has now posted 106.33 while GBPUSD triggered stops through 1.3150 to post 1.3155.
Fickle morning though and even as I type we're back down to 106.21 and 1.3136. Scalper city for the intra-day trader. Just a distraction for those with a longer-term view.
