USD/JPY breakout! Long

U.S. Dollar/Japanese YenFXCM

Description

⋅ Jan 5, 2022 5:14 AM

At the time of writing, USD/JPY sits around 116. This level is a major multi-year breakout. The move confirms a month long reversal of a major one-day drop on November 26th. I am a buyer here with a first upside target to next resistance around 118.