USDJPY Forecast

The USDJPY didn’t make significant movement yesterday, still with low volatility.  There are no changes in my technical outlook. We have not enough information looking on shorter time frame, so I prefer to have a broader look, expecting a major bullish reversal scenario after hit the record low. As long as stays below 80.00 nearest term bias is more to the downside, testing 79.35 – 78.89 support area. A clear break and daily close below that area could trigger further bearish pressure testing 78.27.

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