Quote Originally Posted by debren View Post
What is playing out on the USDJPY pair is basically about risk aversion and i am of the opinion that there should be some technical levels to look at before i can favour the upside on this pair, as for me if the price should break below the support level around 107.20 on the daily timeframe i will be looking for continued downtrend to the next support level which is at around 105.40. But the market has the final say.
JPY is a safe haven for many countries but these days with the recent development of the political and security issues everyone is on the toes.
Plus this currency is very hectic so you must analyze the market carefully because it can move very fast and in an unpreditable manner.