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.
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.