AMTrader

USD/JPY Potential Bearish Butterfly

FX:USDJPY   U.S. Dollar / Japanese Yen
Bearish butterfly pattern on daily time frame. I would only enter once price breaks below 112.510/13; taking
into consideration that the Yen's interest rate is unchanged at -0.10% and a potential rate hike is still in
the cards for the USD, I cant imagine this pair going down much lower than 112.500, but who knows.
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