USDJPY continues to fall in the wake of the BOJ rate decision 16 June 2016
I highlighted the barrier option support in my order board post yesterday and again earlier this morning.
We can expect some decent defence of the level. At least a bit more than that at 105.00 which it took out in a rush in the earlier start of the downward attack that saw 105.40 turn to 104.80 in a rush.
Should 104.00 give up then expect stops to be triggered below.
I'm trying to get some fresh order levels but it's all a bit thin out there right now.
Lows so far of 104.12 as Nikkei posted new session lows of 15445.19. No real bounce in either suggest further falls to come with the lower knock-on for yen pairs providing caps/tempering rallies on core pairs.
Update 05.21:
Bingo. 104.01 low. Now 104.22. Easy pips if you're patient and get in at good levels.
