US dollar explodes higher once again. USD/JPY cracks 112.00

USD/JPY hits stops above 111.40

USD/JPY repeatedly tested 111.35/40 this week and has been unable to break through.

The latest round of data helped but flows are largely responsible for the latest move as buy stops were hit and US traders filled orders ahead of the four-day weekend.

USD sentiment is remarkable at the moment as the market fantasizes about a Trump-led world of lower taxes, less regulation and higher interest rates.

With the pair breaking 112.00 it took out a bit of resistance at the May high of 111.85 and that clears the way for a test of 114.00.

US dollar explodes higher once again. USD/JPY cracks 112.00
US dollar explodes higher once again. USD/JPY cracks 112.00
http://www.forexlive.com/feed/news
$inline_image