USDJPY Is having a HARD time overcoming 114.50
Continued rejection @ 114.50 portends the pair could roll over soon. If pair closes below that LEVEL today, I am going to sell the pair at market and place stop loss 5 pips above today's high. With most equity indices hovering at all time highs, risk reversal is rising each day and this could be supportive of YEN strength should we see risk aversion begin to pan out.
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