The Japanese Yen (JPY) the NFP miss on Friday immediately sent the major below Y78 to hit Y77.70 before rebounding on semi official intervention sending the USD/JPY briefly up to Y78.70. The lack of follow through sent the pair back to Y78.20 into the close. Crosses followed the wild ride as well down then sharply up but sellers are looking to test even lower levels on the EUR/JPY and AUD/JPY.
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