JPY pairs rolling over again

The US session has been a bit of fact finding mission over whether the China news moves would continue. Right now it seems we’re getting back on track to what was driving markets before then, and yen buying was the game in town. The yen crosses are going over again and the day’s lows are going to be important.

JPY pairs 15m charts

If they break, we could be off to the races again. If they hold, traders will have some confidence that a bottom is in place, temporarily or otherwise. US yields are still sitting near the highs so we’re not getting any inpout from them.

 

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

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