Sat, Feb 07, 2026 07:25 GMT
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    USD/JPY Edging Lower

    MultiBank Exchange Group
    By MultiBank Exchange Group

    USD/JPY moves in range on the Daily chart, but a breakdown seems imminent. Price is trading in the red and dropped below the 108.12 major static support, a valid breakdown is somehow expected. Technically, it could drop further after the retest of the warning line (wl1), but until the rate closes below the 108.12 level, nothing is certain.

    MultiBank Exchange Group
    MultiBank Exchange Grouphttp://www.mexgroup.com
    Multibank Exchange Group (MEX Group) is a multinational financial derivatives dealer. Established in California in 2005, MEX has offices in several countries around the world, including the US, the UK, Australia and China. Mex Group is regulated by the Australian Securities and Investment Commission (ASIC) in Australia, the Ras al Khaimah Free Trade Zone (RAK) in the United Arab Emirates and the Financial Services Commission (FSC) in the British Virgin Islands.

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