USDJPY: down sharply

FX:USDJPY   U.S. Dollar / Japanese Yen
Dear friends,

USDJPY experienced a sharp decline today. The price has been consistently plummeting since reaching 150.844 and is currently hovering around 149.789 after half a day.

On the analysis chart: This currency pair has surpassed most of its important support levels, and there is still a favorable outlook for further price drops as the trendline has been broken. The defensive point and target for sellers are currently at 148.97.

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