USDJPY is trending to the downside prior to the JPY Coincident Index data, which is a single summary statistic that tracks the current state of the Japanese economy. Technically the pair has broken an ascending trendline and is below the 1h moving averages, which are now in a bearish cross. The RSI is at bearish levels, and we anticipate continued downside into the 109.720 level.
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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.