USDJPY- Bears have upper hand after tepid CPI

Short

U.S. Dollar / Japanese Yen (FX_IDC:USDJPY)

Updated

FX_IDC:USDJPY U.S. Dollar / Japanese Yen

USDJPY has broken support on 4 hr chart. Next level of support of 111.73. Stop @ 113.5. Target 110/110.5 range. KST has moved into negative zone as well supporting the bearish view.

Comment:

Touched a low of 110.65. Closing trade.

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