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USD/JPY Falls Further, Down 2 Points on the Day

JPY
  • USD/JPY breaking down further in recent trade, with the pair hitting fresh lows of 131.84 before stabilising slightly.
  • A solid intraday move of close to 2 points which is now opening support at 130.98 - the 50% retracement of the May - June upleg.
  • Weakness through here opens the 50-dma at 129.31 - a level the pair hasn't traded below since early March.
  • Recall the Bank of Japan rate decision is due overnight - full MNI Preview here: https://marketnews.com/mni-boj-preview-june-2022-s...

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  • USD/JPY breaking down further in recent trade, with the pair hitting fresh lows of 131.84 before stabilising slightly.
  • A solid intraday move of close to 2 points which is now opening support at 130.98 - the 50% retracement of the May - June upleg.
  • Weakness through here opens the 50-dma at 129.31 - a level the pair hasn't traded below since early March.
  • Recall the Bank of Japan rate decision is due overnight - full MNI Preview here: https://marketnews.com/mni-boj-preview-june-2022-s...