HomeContributorsTechnical AnalysisUSDJPY Can Face More Weakness Around 113.00 Area

USDJPY Can Face More Weakness Around 113.00 Area

Risk-off has been in full swing at the end of last week while 10 year US notes were moving higher, so lower yields also caused some sharp drop on XXX/JPY pairs as USDJPY moved close to 112.00. Currently, we see USDJPY reversing higher likely headed into wave c) of a corrective rise which may find new sellers around 113.00 area.

USDJPY, 1h

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