Fxstreet.com (Jakarta) - The USD/JPY fell sharply on surging risk aversion. After breaking the 99-area support, the pair is now testing the diagonal support in the 97 area. If this support is broken, the USD/JPY may fall to the 94 area.
Risk sentiment and the development in the stock market are likely to determine the USD/JPY direction, said Hans Nilsson, an analyst at CMS Forex.
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