if so should see yen appreciate across the board
also noting that the dollar also exerted selling pressure on the eurusd currency so the small rally into a key level on eurjpy has presented a nice short opp .
key fib level confluence with and a pin bar/shooting star rejection off the zone/level
3 targets marked out although judging by usdjpy i do not see any yen pairs reaching for the brexit reaction lows yet.
Target 1 would be a range fill target and more feasible in my opinion
Also looking at COT data my yen bias is quite heavily short for the meanwhile now. I still prefer USDJPY longs over EURJPY as we see bearishness on the EURUSD pair but the yen is showing weakness across the board