View my last comment at https://www.keonconsultancy.com/post/yen-will-keep-strengthening . Then you will understand why short of USD/JPY was held and today we got triggering factor i.e. weak ISM manufacturing PMI. Before today, all pairs had moved with significant weakness against dollar but YEN had still not invalidated its whole move down since Friday, August 23, 2019.
View my last comment at https://www.keonconsultancy.com/post/yen-will-keep-strengthening . Then you will understand why short of USD/JPY was held and today we got triggering factor i.e. weak ISM manufacturing PMI. Before today, all pairs had moved with significant weakness against dollar but YEN had still not invalidated its whole move down since Friday, August 23, 2019.