USD JPY Drops Through our 1st Tier Uptrend Line

The USD/JPY is deflecting from our 2nd tier downtrend line as it gradually reaches an inflection point with our 1st tier uptrend line. The currency pair is following U.S. equities lower with investors locking in profits after today?s mixed earnings and economic data releases. The USD/JPY is logging moderate losses after the currency pair gave bulls hope by bouncing off of our 1st tier uptrend line. Meanwhile, we still haven?t seen a real commitment to the upside with volume on a steady decline since July lows. Read More Read More USD JPY Drops Through our 1st Tier Uptrend Line

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