While USD/JPY managed to cross the important psychological level of 80, it is also right up against the resistance of the 50% retracement level of the April to October swing high/low.
Chart Courtesy of Oanda
While USD/JPY managed to cross the important psychological level of 80, it is also right up against the resistance of the 50% retracement level of the April to October swing high/low.
Chart Courtesy of Oanda
I feel like this thing has got to begin a correction. That is if natural market forces take action. If this manipulation continues, who knows!