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Killy_Mel Killy_Mel USDJPY, D, 2 years ago
USDJPY: MACRO VIEW: USDJPY HOLDS LONG TERM GROUND
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USDJPY, D
MACRO VIEW: USDJPY HOLDS LONG TERM GROUND

Despite today's sharp selloff in the dollar, USDJPY holds long term ground The price held 1-year (264-day) mean standing at 117.60 The price also did not fail its relevant lows at 115.40 Thus USDJPY is likely bounce back up now However, risk of more downtrend remains as price trades below 1st standard deviation from quarterly (66-day) mean at 122.25

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