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admin | Category: Buy A Phone Number | 02.05.2015
USDJPY stretched to its highest level since 2002, just taking out the 2007 highs, but then corrected sharply back lower toward the end of the session as the move seems to be a bit too much, too soon.
It’s far too early to call an end to the JPY sell-off, but let’s watch how the major JPY crosses deal with this consolidation after the recent big break of the 122.00 resistance in USDJPY.

The reversal looks interesting in a number of other pairs, as well, like GBPJPY, where that pair has been toying with its highest levels since the financial crisis as well.

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