Ended up getting out of usdjpy this am after missing the run-up overnight. Now long Euro 1.1582. Still think everything's washed out against the USD.
Right now I see it as the trend needing fuel to keep going-technically. That would be traders piling into dollar shorts as it weakens, then getting caught.
Support is at approx 94.4 to 94.6 level which is not too far away. A bounce from there would come as no surprise. Metal prices atm showing a very strong reaction.
Short USD Cad from 1.3025 area. No particular reason I'm long Cad, just been trading it long since yesterday, looking for volatility. Got some this am and was able to trade around it. Watching near term strength against USD in everything basically and expecting it to continue. Move in Bonds back toward 3 percent ten yr is what tipped me, amongst other things.
Traders now trapped long USD. If the currencies hold here against it, I'd look for a bigger move up Euro Aussie Cad etc. Still long Cad from lower. Added above 1.3050 short usdcad.