USDJPY Drops To Fresh 15 Year Low Of 81.72
The kneejerk reaction in the USDJPY is now threatening to tear off both of Shirakawa legs. After plunging to below 82.00 on the NFP number, the subsequent overreaction continues to create tremors at the BOJ, with the pair just printing a fresh 15 year low of 81.72. Keep a very close eye on this as Kan knows that with every downtick, his termination day is getting closer. Last but not least, cast an occasional glance at the EURUSD as well, as judging by Juncker's comments, there is a very high likelihood of gentle currency prodding (note: not war) over there as well.