USD/JPY better offered on Brexit frenzy, 106.81 high to 102.99 the low

Ross J Burland FXStreet

USD/JPY is currently on the offer as markets trade the EU referendum results that are mixed as expected.

There have been huge moves of 1000 pips in some cases across the board while USD/JPY 106.81 to 102.99 the low. We have already seen a number of votes from jurisdictions, the largest FX mover was Sunderland:

The First Results are In – Sunderland Leaves Strongly - TDS

We have had some data from Japan, PPI services for May year on year 0.2% vs expected 0.1% and previous 0.2%.

Asia opened in positive territory while the FTSE 100 futures gapped lower as the leave campaign us currently ahead with 8 of 382 counting area results.

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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