We still see USDJPY moving lower and continuing it's downtrend since March despite the currency pair rebounding above resistance at 105.41 on news of Trump's recovery from the coronavirus. We believe the continued uncertainty surrounding the US election and a potential pullback in equities would lead to downward pressure on USDJPY.
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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.