USDJPY: More Weakness Could Be In Store

FX:USDJPY   U.S. Dollar / Japanese Yen
If our view above is correct then JPY will gain even more in the next few sessions or even days. That said, we will keep a close eye on USDJPY             for possible shorts after a pullback as leg down from March high looks like a new five wave decline in play. Our special focus should then be on black wave 4 for shorts, while 112.01 level remains in play.

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