So, with that, I do think that we have the possibility of a little bit of a move higher during the day, but we also have the FOMC meeting minutes coming out later in the day, which could cause some noise. Nonetheless, I don’t know that there’s going to be a huge surprise there, unless maybe there was some type of significant debate on whether or not we should start seeing rates drop in America right away. I don’t know if that changes a whole lot. Above we have the 152 yen level. That has been a significant swing high, and I do think that is a potential situation of FOMO trading entering the fray once we break that high.
Either way, this is a market that I think short-term pull banks continue to attract a lot of attention. And you certainly don’t want to buy the Japanese yen as the Bank of Japan is certainly nowhere near tightening monetary policies. So, with all that being said, I think it’s steady as she goes and each dip should be looked at as a potential buying opportunity.
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