USDJPY chart

The easiest USD to sell but OIS is not the main reason

It may be Christmas Eve but markets do not care a jot. hashtag#USDJPY If you are that way inclined this still remains the easiest USD to sell. Please take a look at the previous post because nothing has changed in my view. In short, a repricing of OIS still has 1 hike too less than the DOTS last week - which was 2. This means there's a little more room for spot to follow. However, this is the secondary reason why i think USDJPY is the easiest USD to sell. The primary reason is risk off has finally been allowed to take this pair closer to where it SHOULD HAVE BEEN for a month without "smoothing" from BOJ/MOF. I also heard of a 11 yard M+A going through but it's all desk talk. The fact is USDJPY has not been able to move when equities have been taking a bath. Crosses have been stuck in range despite core pairs making decent enough moves. This is because of USDJPY Now things are different. Look at the techs because we have broken not one but two massive MA's (100 and 200) with clear water until 108.15 Near term risk for shorts is 111 big fig and 112.20 Merry Christmas and gift your self with understanding risk

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