USDJPY finally breaks through strong exporter supply into 102.50

It's taken all session but added impetus from NA desks have finally cracked it

The Japanese exporter sell interest had been significant and along with GBPJPY and EURJPY selling we'd spent most of the session respecting the level.

Cue early North American interest and ,bingo, the level's popped to post 102.59 so far.

More offers/res into 102.80 with strong interest at 103.00

EURJPY demand from 114.15 to 114.55 also helping to put some bids under EURUSD but the rallies are weak still.

Similarly GBPJPY demand helping GBPUSD to stem further falls.

A few new readers amongst you have recently asked about how to trade the order board flows so here's a link to my explanation post. More detailed explanation is given on our ACT education courses so keep an eye out for our next one.

USDJPY finally breaks through strong exporter supply into 102.50
USDJPY finally breaks through strong exporter supply into 102.50
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