Expect another round of USDYEN moving lower, pausing at 107, before finding support at 106. However, I would look to get out of a trade before the evening.
This evening, we have US CPI and Retail Sales numbers. A strong result could give the USDJPY the base to propel off.
Mixed or weak data from the US and we could see USDJPY plunge towards 106.
Trade closed: target reached
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