It seems that market has returned for risk appetite after fed rate decision out of the way, market seems to not believe Hawkish Yellen on further rate hikes this year. So the global stock market is rallying and so with carry trades like Japanese yen crosses.
I have my gbp/jpy position opened through the weekend. This upward momentum in japanese yen seems to stay for a while. Unless there is some very bad news market is going to be complacent for now. so for short term yen crosses looks set to go much further up.
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