DislikedNo signs of shakeout volume yet in EU - 4140 support and 4130 POC is next to hold and look for possible stopping volume, but things are looking fairly bearish for Asia, incl. the pips already traveled being unusual. Even if we go up from this 4160 area, I'd bet Frankfurt will give us a shakeout. Wednesday will definitely be an interesting day ... Oh Lord, just give me trading range ... !
I'd bet Kampo (BoJ emissaries) were buying the yen crosses - the reversal upwards was far too much, incl. the biggest and most enthusiastic reversal in UJ...Ignored
Verily, in every difficulties there is relief