Cross Trading Activity Tightens: #USDJPY vs. #USD (DXY) Asia

BOJ Kuroda statements were interpreted again. to be negative for the market that reflected an opening gap @100.77 nearing the 101.00 handle. This price reaction is considered to be more on profit-taking instead of fresh positions by bulls. Others may disagree, as they see this as an additional stimulus action by the #BOJ in the near term.

The registered low below 100.00 @99.42 / #USDJPY; with a rebound in Asia is also a technical move where the ripple effect of the #ADXY moving back lower in early session @107.00, compared with the closing of US #DXY - NY session last Friday @94.50 basis point price recovery.

https://twitter.com/MegaTrade101/status/767564045733867520 

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