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And already finding it as resistance.
Driven or mirrored in the yen pairs, you take your pick but EUR/JPY broke the trendline I highlighted earlier and ran stops down to the 137.70 support. We're marginally below that as well at the moment.
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The volatility in yen crosses has been lacklustre of late, particularly in EUR/JPY. I'd remind some of you that they can easily blow 200-250 pips in short shrift should it take their fancy.
USD/JPY is finding bids ahead of 101.00 enough for now but we're edging closer to the 100.75 level and if that goes then we could be in for a fun ride.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.