AUD/JPY is down over 5% on the day!

AUD/JPY is down 5% today alone! Wow, what a correction….NZD/JPY down over 4%…AUD/USD down over 3.6% on the day now! So the downside momentum on the day is about double the percentage gainers on the day today. The strength of the yen today is amazing….when these yen crosses went up recently, they did so fearlessly. However, the corrections have been rather swift. So the use of stops are very, very important here.