The recent void in fresh data was quickly eclipsed by a frenzy in JPY and USD buying which pushed USDJPY down to a 15 year low at 84.58 (at time of writing) and EURJPY below its Fibonacci level at 106.30. Remember the market importance of the Australian election? Neither do we. USDJPY falling below the 85.00 threshold most likely triggered model-based stops and options barriers around the 84.75... ...More...


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