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andrew.han
Oct 7, 2019 6:36 AM

USDJPY: SHORT [D] [10/07] Short

U.S. Dollar / Japanese YenFOREX.com

Description

USDJPY | Strong JPY | 110.00 – 105.30
- The US designated China as a currency manipulator triggering funds flow into JPY for safety.
- The equity markets have rebounded after falling sharply in prior weeks and JPY has continued to strengthen as Japan buys more US Bonds. A new low formed just above 104.50.
-2ND Key SELL area 110.00/109.50 R50
-1ST Key SELL area 109.00/108.70 R30
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