Bank Flow

USDJPY Update

For those of you that were following this pair, I posted yesterday that I was watching for sells at the 103.85 to 103.95 area. The combo sold off from there to 103.35 area for the 40 pip target we were looking for.

For traders interested in trading the news, the JPY reacted to the Jobless Claims news this morning. Traders reported taking anywhere from 30 to 50 pips of profit on a buy called by the RSS news service.

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