Corporal.Forex

USD JPY recovers from risk aversion

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
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2
Monday's extreme gaps in EUR/USD and GBP/USD indicated risk aversion, along with investors pulling money out of bonds, and currency traders buying the safe haven yen.

Today, the US 30Y yield is up, while the USD/JPY has recovered to break through daily resistance level #1 (R1). Next, the currency pair could break through R2, and finally, Dollar/Yen could retest the supply zone once again, at about 120.650.

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