11/14/15 USDJPY on Track to 125.00 as USD CPI Approaches
USDJPY forms flag pattern heading to USD inflation data release on 11/17.
Let's see if the 123.00 level will or will not hold.
Let's see if the 123.00 level will or will not hold.
Trade active:
UJ push around 123.50. Last week's lost was all recovered.
Trade closed manually:
Position closed due to massive Long covers in post Nov. FOMC section (Tokyo section.)
Comment:
I would revisit this pair when price push beyond the 123.50 level again.
