USDJPY has resumed it's downtrend having after having rebounded over 106 a couple weeks ago and we therefore hold our neutral view. Were the currency pair to drop below support at 105.355 this could lead to prices dropping towards multi month lows below 104, levels which we feel are attainable given continued USD weakness.
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Disclaimer
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.