Short USD/JPY after NFP for break of Y97.50, Failure at Y100 will attract fresh selling with a weak USD post soft NFP numbers in July.
Big Stops under the Y97.50 should attract short term attention with a risk of bigger pullback on the cards if support is not found at Y97 our Take Profit Target.
Longer term we still expect upside but August is traditionally strong for the Yen and the Nikkei is looking toppish adding weight
Big Stops under the Y97.50 should attract short term attention with a risk of bigger pullback on the cards if support is not found at Y97 our Take Profit Target.
Longer term we still expect upside but August is traditionally strong for the Yen and the Nikkei is looking toppish adding weight