Usd/Jpy is back up to 102.7 this morning after putting in a scare last night,
when market opened I started to buy Eur/Jpy which fell 60 pips immediately after I opened the position,
the super-thin liquidity in the markets due to the absence of Australia because of a national holiday
was driving the market in steep reclines when Usd/Jpy tested 101.95 support

Usd/Jpy shot all the way down to 101.8 before halting and giving me the idea that this was just the market
Stop-Loss hunting, taking out the positions of traders who wanted to go long with a SL just below 101.95:
it would seem that I was right, as we came back up a hundred pips in Usd/Jpy,
this was sparked by some better news about Chinese economy

The Yen crosses also are back up ( Gbp/Jpy is already 200 pips higher than last night)
and it would seem that the move down on Friday is just a deeper retracement now;
next targets are 105+ for Usd/Jpy - after it manages to break 102.7 of course
and 148 for Eur/Jpy, and 178 for Gbp/Jpy - a lot of room up for Yen crosses,
we shall see how much of these moves happen this week

Gl all
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