USD/JPY off to the races as it runs stops to 107.60 via ForexLive

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Not sure what's driving the move as only just sat down, but there”s plenty of yen selling going on with both the dollar and the crosses all jumping. USD/JPY flushed stops through 107.50/55.

The numbers out of Europe this morning were mildly positive so maybe we're seeing a move to risk, US 10′s are up to 2.24% from a low of 2.12% which might also be supporting the buck. European stocks are just off their highs and the Nikkei is running up too.

USD/JPY faces resistance up between 107.70 and 107.85

 

USD/JPY H4 chart 23 10 2014

 

posted via ForexLive

Posted In: ForexGlobalEconomics
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