Yen is stronger than ever

We had three very interesting days this week. All yen crosses were pretty much in a freefall and the BoJ threatened with intervention. Probably empty words...

E/U has been caught in a range with the topside limited by 1.2725 with several strong bounces from there.



G/U also hasn't moved much. After the initial break below 1.5478, we haven't moved higher:



U/CAD looks like it has ended its rally. Where? At the daily highs:



And how? With a textbook double-top:



E/G hasn't moved much yet, just whipsawing:



And finally, let's look at the Yen. Daily lows at U/J, E/J and G/J got taken out and all stops evaporated. There were little bounces off those lows for 15+ pips, but one would expect this to bounce more.

U/J:


E/J:


G/J:


I got taken out on the bounces as well, pretty heavily.


-Tyler