USD/JPY definitively cracks 61.8% retracement
In the space of five weeks, USD/JPY has retraced more than 61.8% of a fall that took 16 months.
The pair had been flirting with the key technical level throughout the past week but was hesitant to break higher until after the Fed. As Yellen delivered the verdict, the pair broke higher and after a period of consolidation around 116.20, it has now shot another 100 pips to the best level since February.
