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USDJPY heads higher as stops get triggered

The pair is in perky mood still and now posting fresh session highs 9 May 2016

It looks like N American traders are on a stop-hunt as they down their third coffee.

Talk now of stops being triggered through 108.25 and we've been to 11-day highs of 108.37 but looks like EURJPY demand still helping it along after the earlier leg up from GBPJPY demand.

Topside target now should be 108.75 but there's offers at 108.50 to chew through first.

GBPJPY still perky as the yen-pair selling/risk-on trade sentiment continues but the USD demand continues to play out and send GBPUSD to 1.4428 from earlier 1.4480 highs..

AUDUSD trying to chew through the bids between 0.7330-35.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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