USD/JPY: Dollar Benefits from Safe Haven Demand

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The USDJPY pair jumps around 0.7% on Monday morning, as fresh risk aversion fuels demand for safe-haven dollar. Monday’s acceleration penetrated daily cloud (spanned between 144.74 and 145.54) with cloud top being under increased pressure, after bulls broke through double-Fibo barriers at 145.35/38 (50% of 148.64/142.11/50% of 148.02/142.68). Break and close above cloud top to […]The post USD/JPY: Dollar Benefits from Safe Haven Demand appeared first on Action Forex.