Yen surged today as Japanese equity index Nikkei dropped on speculation that a delay in sales tax hike could trigger debt crisis.
USD/JPY pair dropped briefly below blue trend line - drawn from Mar 29 high and Apr 28 high - before quickly recovering above the same.
As long as the day end closing is above the said trend line, the odds of the pair moving to Leg D of the Cypher pattern at 112.88 levels.
USD/JPY pair dropped briefly below blue trend line - drawn from Mar 29 high and Apr 28 high - before quickly recovering above the same.
As long as the day end closing is above the said trend line, the odds of the pair moving to Leg D of the Cypher pattern at 112.88 levels.
