The yen is being crushed by the divergence in monetary policy between central banks and what is presently being priced into the markets as the fallout from the conflict in Ukraine. Those traders who got into the trend early are now sitting pretty and slowly trailing their stops higher in crosses like the AUDJPY, USDJPY etc. but for those traders looking to get in and capture some of this move, we have to wait for a dip, with a level of support holding.
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