Moving into London fixing window
The USDJPY is pushing to new London session highs as the 4 PM London fixing is approaching. The old London session high was 105.856. The high for day came in the first few hours of trading in the Asian Pacific session at 105.99.
The low late Friday stalled at the 100 hour MA and the 200 bar MA on the 4 hour chart. But that move was on the back of the coup in Turkey.
The weekend snuffing out of that threat has benefited the USDJPY in trading today. US stocks are also higher (Apple trades above $100 for the first time since June). .
There was a new London session low printed an hour or so ago. That move took out the day's lows but failed miserably. The push higher may be fix related it may just be off the failure below. The 105.99 is the next target to get to and through. IF it has the continued will.....
PS JPY crosses like GBPJPY and EURJPY are making new highs.
