Dip demand in both but sellers lurking still 19 May
Eamonn reported earlier that the BOJ may have been buying ETFs and that sent both USDJPY and Japanese equities higher but we've stalled now on both
Nikkei 225 currently 19572 now only up +0.1% and off session highs of 19599.99. I'm guessing someone has a sell order at 16000 !
USDJPY 111.35 from 111.42
After yesterday's fun and games I still prefer to play USDJPY and yen pairs (especially GBPJPY) from the short side and remain a rally seller. I see no reason to change my view at this time.
Expect sell interest between 111.50-60 but with demand into 111.00-10.
