FX_IDC:USDJPY   U.S. Dollar/Japanese Yen
Yen surged today as Japanese equity index Nikkei dropped on speculation that a delay in sales tax hike could trigger debt crisis.

USD/JPY             pair dropped briefly below blue trend line - drawn from Mar 29 high and Apr             28 high - before quickly recovering above the same.

As long as the day end closing is above the said trend line , the odds of the pair moving to Leg D of the Cypher pattern at 112.88 levels.
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