Is it surprising to say that the Yen is always very difficult to understand and trade ? The USD/JPY is now back under pressure despite the Dollar rally…
The material base we are talking about for a few weeks is still in place though but the overall structure is still very vulnerable and we don’t consider any bullish strategy at the moment.
A break below key 76,00 support, which might be tested again soon, would even open the door to further losses on the pair.
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