Forex Trading News: USDJPY Breaks Supports behind Japanese Economic Stimulus Package

Examining the USDJPY channel from my previous blog, as the JPY is firming up across the board, the USDJPY has finally broke out.  The USDJPY and other JPY crosses have fallen to session lows.  This comes behind the Japanese Government formally introducing their economic stimulus package worth around 11.7T JPY.  This package along with a strong housing starts number earlier has given the JPY momentum.