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.
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.
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