Greetings and welcome back.
Let’s pull up the USD/JPY hourly chart.
As Japan’s economic outlook looks for improved earnings and economic growth, we saw some major whip saws in JPY cross pairs in the past couple of days.
Technically speaking, it looks like the currency pair has a little more potential push downward to the 81.00 level.
It still appears the longer term trend is still bullish so once the bearish sentiment runs out, we’ll potentially see that bullish movement.
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