Yen and gold fall
Gold is down $2 to $1226 after touching as high as $1242 earlier today. Prices have fallen $7 in the past few minutes.
At the same time, yen crosses are rallying. USD/JPY is at a session high of 112.90. I'm carefully watching 113.00/05, especially on a closing level. It's a potential three-candle reversal and a rise above would confirm the double bottom. Here are the latest USD/JPY orders.
Similar types of bottoming formations are hitting other yen crosses as well.
