Now that we've had the latest Trump market move, the depth of recovery is going to be important
From 112.08 we've bounced back to 113.10 pretty swiftly.
USDJPY H4 chart
The market's is brushing off the view that Trump might be one step from issuing policy on the dollar and it looks like we've had one of those mini-pressure release moments where it all becomes too much and we get a little clear out. If that's the case, USDJPY will cement itself back in 113.00. To do that, it needs to get back above the day's broken support around 113.15/20.
Other pairs are starting to move vs the dollar too with both cable and the euro edging back from their highs.
You've got to say one thing for Trump, he's going to keep things interesting for trading. ;-)
