KQMarkets

USDJPY - Finally out of range

FOREXCOM:USDJPY   U.S. Dollar / Japanese Yen
There hadn't been significant price action as USDJPY was stuck in a range between support at 106.65 and resistance 108. Predominantly due to USD weakness as the currency pair fell sharply towards 104 before rebounding back up to 106. However, this recent increase could just be a rebound before USDJPY continues it's medium term downtrend.

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