Well, as yesterday’s post, looks like everything went according to plan as both euro and cable spiked and then tanked and yen held the mid 90s and is now well over 100 pips from that level. The theme for today remains unchanged:

• EURUSD > Still bearish and favor the downside but a bit hesitant about selling lows.

• GBPUSD > Still bearish and favor the downside but a bit hesitant about selling lows.

• USDJPY > Still bullish.

But keep in mind that with the moves we are seeing, retracements and swings can be very big!