usdjpy-hourly-12-mar-09

Obviously putting a gun to Sean’s head is the way to go as the USD/JPY came off nicely overnight, just as Sean predicted. There is a chance that we see 96.50 today with an eventual push down to 94.50 before this move has run its course. Do not be surprised to see a move back to 97.80/90 which is worth a speccy sell if you see it with a tight stop above 98.30.

I have attached a daily USD/JPY chart for you so you can see what lies ahead for us.