We still hold a neutral view on USDJPY due to the recent FED emergency 50 bps rate cut and escalating fears surrounding the spread of the coronavirus. This is particularly due to the YEN being seen as a safe haven which could lead to USDJPY consolidating heading towards multi month lows below 105.
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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.