USD/JPY Signal - USD 3 Month Bill Auction - 25 Oct 2021

Short

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

Updated

FX:USDJPY U.S. Dollar / Japanese Yen

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USDJPY is trending to the downside prior to the USD 3 Month Bill Auction Data, which measures the yield on the US Government backed security. Technically the pair has broken the bull trend structure and we are anticipating a deeper correction into the 112.600 level.

Trade closed: stop reached

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