We still hold a short view on USDJPY and expect the currency pair to continue it's downtrend since March despite it challenging to consolidate above resistance at 105.42. This is due to the current risk off sentiment and fears surrounding the impact of a 2nd wave of the coronavirus as we await durable good orders tomorrow in case of any significant price action.
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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.