111.91 level to watch for the close today
Since the BOJ watchers’ article hit the wires last night, USDJPY hasn’t looked back and seen a slow drift lower. We entered the rising daily cloud today at 111.91.
There are supports and techs here at 111.70/75 but a close below would be very bearish. I’ve sold a few after the article came out yesterday and will partially stop for small profit
if the close would be above 111.90 today, letting smalls run with a stop at my entry around 112.40 or targeting mid 110s