$JPY Don't ignore the recent JPY strength and the now-beginning Nikkei weakness. It could be simply profit-taking after an expected result (though I think the result was even stronger than expected), or it could be something else. Either way, USDJPY is approaching some very key downside levels, and the Nikkei will today approach the post-election-win opening levels, meaning positioning could soon take over as late longs are relieved of their liquidity.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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