JPY - RIDING HIGHER AGAINST ALL MAJORS

JPY trading stronger against GBP at just below 228 after making the low of 227, nearly we saw a 1000 pips fall in this pair (GBP/JPY). Against EUR its trading above 154 and its weaker by nearly 500 pips against JPY. Against the USD trading just above 117 after makng 116.75 as the new low for the near term. Still JPY looking strong against all thee three majors. Well against te CAD, JPY is threatening to go below the 100 levels and against high yield currencies like AUD and NZD its still tading stonger.