Today in forex trading the The Forex Heatmap® visual alert system showed that the JPY (Japanese Yen) strength was evident on all pairs. The EUR (Euro) and CHF (Swiss Franc) were also weak. This drove the EUR/JPY and CHF/JPY lower. The EUR/JPY is in a strong down trend and should continue lower. The CHF/JPY is still trending down on the D1 time frame and we would scale out lots on this sell trade as the ultimate support target is not known.
The alert system you see below is The Forex Heatmap®, it provides real time visual alerts and trading signals for seven major currency pairs, and 28 pairs total.
Forex Alert System JPY Strength 3-10-2015