USDJPY Forecast

The USDJPY hit another record low yesterday at 75.65 and still consistently moves below 76.30/range area suggests potential further bearish continuation aiming for new record low around 75.00. On the upside, only a clear break and daily close back above 76.30 could stop the current bearish intraday outlook, lead price back to the sideways outlook but until we have a clear break and daily close above 77.80, I expect no further bullish movement at this phase.

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