USDJPY to fall further as it trades sharply below 52-week SMA

Short

U.S. Dollar / Japanese Yen (FX_IDC:USDJPY)

FX_IDC:USDJPY U.S. Dollar / Japanese Yen

The tide has turned on USD/JPY as the pair trades sharply below its 52-week Moving Average. Said moving average has been a strong marker of trends in the USD/JPY for the past two decades, and staying below the 52W SMA keeps our focus lower.

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