After sustained JPY selling since Jackson Hole we've seen some correction
Once again cross pair impact has been the name of the game as traders take some money off the table.
USDJPY ran into good offers/res at 102.50 and with traders erring on the side of caution but USD-positive overall we've seen yen demand but with core pairs heading lower.
USDPY has fallen back to 102.10 from 102.39 as EURJPY drops back to 114.18 from 114.65 taking EURUSD down to 1.1171 from 1.1205. GBPUSD has fallen to post Jackson-Hole lows of 1.3070 from 1.3105 as GBPJPY posts 133.56 from 134.30.
USDJPY has demand/support into 102.00, GBPUSD into 1.3050 and EURUSD right here at 1.1170 and more at 1.1150 so we wait to see whether we get any further correction if NA have the appetite.
