Today in currency trading the JPY weakness drove price movement on all of the pairs in this group. There was also some AUD strength and NZD strength in the market so the AUD/JPY and NZD/JPY had good short term movements to the upside. The Japanese Yen (JPY) pairs and the overall market are still somewhat choppy so we would be careful with any new trade entries and scale out lots or exit completely. Most of these pairs are ranging on the smaller time frames and no strong trends exist on these pairs.
Currency Trading Signals JPY Weakness 3-4-2014