USDJPY is up against it today
USDJPY has broken 119.00 in what looks to be more of a yen related move than anything else
We've dropped through a broken resistance line from Dec 2014 but have pulled up ahead of support at 118.80
USDJPY daily chart
118.50 hold next support under here with more down around 118.00
EURUSD has managed to break out of the after-Draghi range, reaching 1.1161, though it's not exactly got a fire lit under it. Look for further signs of resistance around 1.1170/80 before we think about taking on 1.1200
This USDJPY move has the potential to give us a great fading opportunity over NFP. The pair is on the ropes and it's going to take more than one report to save it. A good NFP bounce could bring out the opportunists who would see any pop as better levels to sell. I'm always on the watch for a move that goes against the grain of a trend and today could be one of those days