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JPY: USD/JPY Makes Fresh New Lows On Thin Liquidity

JPY
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  • USD/JPY has broken below Friday lows and support at 140.25 (Dec 28 '23 lows). There has been no reaction in US tsys futures, while Japanese equity futures are steady.
  • If the pair holds below support at 140.25, then next support is 139.87 (1.236 proj of the Aug 15 - 26 - Sep 3 price swing)
  • There doesn't seem to be much of a catalyst driving this move, more of a continuation of recent moves while liquidity is thin.
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  • USD/JPY has broken below Friday lows and support at 140.25 (Dec 28 '23 lows). There has been no reaction in US tsys futures, while Japanese equity futures are steady.
  • If the pair holds below support at 140.25, then next support is 139.87 (1.236 proj of the Aug 15 - 26 - Sep 3 price swing)
  • There doesn't seem to be much of a catalyst driving this move, more of a continuation of recent moves while liquidity is thin.