Yen Higher and Higher Thursday

European Session

No. of signal recommendations: 5

End-of-session results (yen-crosses): USD/JPY (-70 pips) - based on yen sentiment indicator
Maximum potential: 5 pips
Own P/L: Open (+13 pips -closed)

End-of-session results (yen-crosses): GBP/JPY (-70 pips) , EUR/JPY (-40 pips), AUD/JPY (-50 pips) & CHF/JPY (+10 pips)
Maximum potential: +80 pips (early gains i.e. half of it from GBP/JPY)
Own P/L: No trade

US & Late Session
No Trade

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Yen-crosses markets were sold off again in wild London session. We had the same setups as yesterday but with different results. The losses in USD/JPY put us back with +100 pips for the month. The end-of-session results for yen-crosses pairs were uninspiring. My only advices when dealing with these markets are fast in fast out and never let a winner (early gains) becomes loser. Focus only the setup with the US dollar sentiment indicator if you are unsure with the yen-crosses pairs.

Update: Further insight into today's market action (technical charts included)