Chart Of The Day: USD/JPY

  


USD/JPY Daily Chart.

In the last couple weeks has held above the 109.00 level, which is also “channel support” and also the 50-day moving average. However, with the recent breakdown in bond yields the risk is increasing USD/JPY (and other JPY pairs like ¬†and ) make a move lower. A break below the 109.00 level could put the 108.30 in view rather quickly.

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