Open trading account 
USD/JPY rose 200 pips yesterday in the first four hours of N.A. trading. (Core) Durable Goods Orders report was better than expected while Unemployment Claims and New Home Sales missed expectations but still came in solid. Later, FOMC Meeting Minutes confirmed broad support for a December hike.
The pair blasted through 50.0% retracement of the 2015 - 2016 decline and was already consolidating above the level when the Minutes were released. 115 - 116 area (includes 2015 low and 61.8% retracement) is the next target. 109 - 110 should contain a deeper pullback.
The pair blasted through 50.0% retracement of the 2015 - 2016 decline and was already consolidating above the level when the Minutes were released. 115 - 116 area (includes 2015 low and 61.8% retracement) is the next target. 109 - 110 should contain a deeper pullback.
