USDJPY Weekly Analysis (June 20-26)

In our last update regarding USDJPY: Easy & Difficult – Update! we stated that USDJPY needed to hold above 106.7 in order for the bullish scenario to be considered. Recent price action, Fed’s decision to slow down on rate hikes, as well as Brexit...

USDJPY: Easy & Difficult – Update!

USDJPY fell sharply last week by catching our trading desk at a big surprise. We were expecting another new high and a breach below 110.40 confirmed that USDJPY was about to retrace around 50% and 62% levels. USDJPY 1H Chart – June 8, 2016 In this 1h chart, we...
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