Forex option expiries for the 10 am (15.00 GMT) New York cut 20 November 2017
Large expiries in USDJPY today around current prices could be a container for the moves today.
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USDJPY has been glued to a small range between 112 and 112.3 since early Asian trading. Hopefully after the fix it will continue its slide towards 111.00
112.00 is looking formidable support at the moment.
111.90 is the 38.2 fibo (low of september – high november) and it held.
There’s plenty down here so if this bearish trend is to continue then it needs to be broken. I’d have liked to have seen a dip closer to 111.80 for a long trade so I’ll be more cautious if we come back down here quickly from this bounce.