USD/JPY fell during the session on Monday as traders continue to run to safe haven assets. The Yen is one of the biggest safe havens, and as we were near the 78 handle, the markets felt there wasn't much threat of a Japanese intervention.
The NZD/USD had a very quiet session on Monday after a parabolic move last week. The consolidation it needed and healthy, but the real question is if the gap from two weekends ago is going to get filled. We see 0.8000 as massive resistance, and think this pair needs to at least pullback. If we break Thursday's lows, we think we will do just that.
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