2 for 7



Dow 8900

The long dollar limit order has been activated @ 117.63 stop 117.30 .

117.5 is an obvious target and an obvious threshold for BOJ action. While I don't think it's likely that they'll strike at this point in the NY session , I'm hesitant to test this hypothesis. So for now I'm long usd/jpy and down 11pips on the pair.



Euro is above .99 against the dollar , but probably reacting to the USD's quick decline from 117.80. Let's see if it stabilizes and we might be able to catch a few pips as the session closes.