Be cautious. After 4 days of intense selling in all of the JPY crosses, i think the yen is temporarily at crossroad. There are mixed signals amongst the pairs. Some of them seem to hold out better and have more support than others.
Pair / Yesterday Low/ Today High /Current Price/Current Bias
USD/JPY 119.80 120.73 120.40 Reversed to UP
AUS/JPY 105.34 106.83 106.61 Reversed to UP
EUR/JPY 164.69 165.50 165.27 Still Down
CHF/JPY 98.92 99.42 99.27 Still DownGBP/JPY 246.28 247.73 246.68 Still Down
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