USD/JPY extends rally

Author: Gerry Davies | Category: Forex Orders

Amid talk of hedge fund buying. We’re up at 82.92, knocking on the door of well-documented 83.00 barrier option interest.

Recent reports have ‘huge’ stop loss buy orders lined up just North of the barrier interest which would suggest a decent spike.  Why am I not convinced? Maybe I’ve just become too jaded…..