The Japanese Yen (JPY) trades higher in most pairs at the end of the week after recovering from oversold conditions following the dramatic post-Bank of Japan (BoJ) meeting sell-off on Tuesday.
USD/JPY remains likely to fall. Estimated pivot point is at a level of 107.64. Main scenario: consider short positions from corrections below the level of 107.64 with a target of 105.21 – 104.50. Alte
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