I'm sure you've already seen what's happened overnight in the USD/JPY. Prior to the suspected intervention by the Japanese finance ministry/BoJ, the USD/JPY had initially surged some 500 pips from its low point on Friday to rise above 160.00, before dropping more than 500 pips to below 155.00 and then bouncing back. So, it's been a very volatile session, and may remain that way heading deeper in the week. In this article I will highlight the importance of some key intra-day levels to potentially use as reference points in your trading and analysis. While we have plenty of macro events from the US to provide the ... (full story)