With the negative of Retail Sales, likely US CPI tomorrow will be negative too.
While market is worrying about profit slump in stock market, all elements contribute to a incomning selloff of US equity market : A strong correction in the near term is what I expect to Stock market.
USDJPY as a result is the victim of Stock selloff.
I think USDJPY should be trade lower.
Look at on the chart, I see a failed, but the break today I consider as a REAL BREAK.
I've waited for 2 months for this break.
I choose the downside for USDJPY right now.
And the target I choose is 117.
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