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The Yen prints new multi decades lows

USD
  • The main Global story in FX is unchanged and is squarely on the Yen, printing new multi decades lows across the Board.
  • Since the Aussie was and is the best performer going into the European session, following the Australian Retail Sales beat, AUDJPY has fully cleared the 2007 high of ~107.87, to pierce through the 108.00 figure, to now exchanging hands at 108.04, its highest level since 1991.
  • Similar story for the EURJPY, trades at its highest level since the early 90s, and now target a test to the Psychological 174.00 level.
  • GBPJPY trades at its highest level since 2008.
  • USDJPY continues to trade at its highest level since 1986, and next resistance here comes at 162.21 1.764 proj of the May 3 - 14 - 16 price swing.

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