USDJPY has been in a downtrend in recent weeks due to the current fear of a 2nd wave of the coronavirus and the impact on the global economy of the pandemic. Therefore we still hold a neutral view and we would look for the currency pair to rebound from support at around 106.6 before taking a long view.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.