USD/JPY formed a gap up during the session on Monday as traders continue to sell off the Yen. The Bank of Japan has announced an expanded bond buying program, and this could continue to work against the value of the Japanese currency. The 80 level is a massive area, and we will be watching.
The AUD/USD pair had a gap as well, but fell back below the opening price. The pair looks weak at this point, and likely to continue the consolidation area going forward in the near term.
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