Yen…USD/JPY

The 200 day in the yen futures comes in app 127.50 (H) USD/JPY level is app 78.45 + a small wiggle of a few pips for the forward.

This will be a level in the straight Yen to watch for reaction across all Yen Crosses.

Why, if the stocks are breaking this will be a level that can catch the Yen shorts wrong footed. The pattern has been to buy Yen against everything in times of market strife as a safe haven.

Just keep it in your notes as a level “NOT”  to sell Yen into the first time down.

 

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