Yen pairs are on the slide again

It’s “look out below” in yen pairs right now. GBPY is down around 160 poins from the highs and EURJPY is off just under 100 pips.

Yen pairs 15m charts 05 10 2017

That’s helping to drag EURUSD and GBPUSD down to new lows. Cable is down to 1.3134 and EURUSD to 1.1725.

Some of these moves are being tied to addtional comments from the BOJ’s Nakaso earlier who said of monetary policy;

“that a True dawn is near after monetray policy false dawn.”

A quick look at EURJPY shows 131.70 as the next decent support.

EURJPY H1 chart 05 10 2017

 

 

 

Ryan Littlestone

Psychedelic chartist extraordinaire. Have your shades ready.
Philosophy: “Don’t be a Dick for a tick”

Read how Ryan got into trading here
Ryan Littlestone

Latest posts by Ryan Littlestone (see all)

Pin It on Pinterest