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TECHS: JPY Resumes This Week's Rally

JPY
  • USDJPY is trading at a fresh low for the week. The break maintains the current downtrend and opens 131.31, 61.8% retracement of the Jan 16 - Mar 8 rally.
  • EURJPY is also through yesterday’s low as this week’s impulsive sell-off extends. The break lower opens 139.06 next, the Jan 20 low.

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