USDJPY | Strong JPY | 110.00 – 105.30
- The US designated China as a currency manipulator triggering funds flow into JPY for safety.
- The equity markets have rebounded after falling sharply in prior weeks and JPY has continued to strengthen as Japan buys more US Bonds. A new low formed just above 104.50.
-2ND Key SELL area 110.00/109.50 R50
-1ST Key SELL area 109.00/108.70 R30
- The US designated China as a currency manipulator triggering funds flow into JPY for safety.
- The equity markets have rebounded after falling sharply in prior weeks and JPY has continued to strengthen as Japan buys more US Bonds. A new low formed just above 104.50.
-2ND Key SELL area 110.00/109.50 R50
-1ST Key SELL area 109.00/108.70 R30