USD/JPY hits a new low at 95.29

Morning all. I see the madness continues.

Damn currency has screwed my charts right up.

Just hit a low of 95.29 but is back at 95.49

The 38.3 fib from the start of the whole dang thing, the Sep 2011/May 2013 lo hi is at 92.70.

usdjpydaily 06 06 2013

The nearest support is at 93.87. It’s all a bit scarce on the charts as everything keeps getting blown out of the water.

I’ve started to build a long position but keeping the stakes fairly small as I’m happy to buy this as far down as it goes. If we break 90 then I’ll start to worry.

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