USDJPY rose sharply for 11 hours – which is an excessively big movement for this instrument; exceeding the 98% of past price moves. Even if this move is a sign of a new trend in USDJPY there is a chance that we will witness a correction, no matter how brief.
After experiencing a 0.74% bullish move in the space of 11 hours, nobody knows where USDJPY is headed.
