We’ve rejected 86 usd/jpy first time in ( app 116.30 ish)
86.27-34 ( futures 115.87-96) The forward is app +5 ticks
This will be a key closing level today…A close below this level in usd/jpy ( above in the futures)
Puts in an outside reversal weekly pattern which is Yen bullish ( lower usd/jpy….higher yen)
A close for the Aussie over 90.30 telegraphs more risk on trades…
The board shows the risk appetite is on …Long stocks….Short yen/ long the commodity currencies
The bonds are showing a lot of people are not sold on the idea…
Watch your time frames for changes in capitol flow for the rest of the day.
