The usd/Jpy is quoting right now around 99.30, and ready to continue: if Tokyo stocks run to the downside, the pair will continue falling: under 99.08, the pair will try to reach the 98.80 zone, ant under this 98.50; remember the decimal zone between 50/60 is always a good support/resistance for the pair, and a break trough, usually gives a 20/30 quick run. If the pair can break the monthly minimum at 97.91, the target for the movement will be the monthly ascendant trend line, around 96.10.
A side note: this pair tends to the daily pivot point after New York close and in the first couple of hours of the Asian session, yet quite hard it could accomplish it right now (the pivot point is at 100.54) but above 100.10 is more likely. don’t forget to watch stocks!
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