The USDJPY is being dominated solely by the intensifying US/China trade issue. The worse it gets the more traders and investors are willing to buy the JPY. It’s as simple as that. So, for now, the downside move should continue.
Current Technicals: Down
Cloud Support: Top 109.54, Bottom 109.43
USDJPY HOURLY CHART – Current Price 109.63
Current Fundamentals: Down
Central Bank Sentiment: Neutral
Geopolitical Impact: Down
Upcoming Potential Fundamental Drivers
Short positions below 109.40 with targets at 108.50 & 108.00.
Above 110.00 we should see a quick stop loss run towards 111.00.
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