On the USDJPY daily chart we see a move to important resistance zone for downside continuation. We expect another test of 101 and even 99.600 in the coming days. If we see a break below 99.600 it will mean that the pair is continuing lower to the lower Pitchfork channel line. This days we had a lot of talks from BOJ officials about monetary policy but we have witnessed two times already that BOJ action actually led to a YEN strength not weakness.
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