USDJPY risks remain to the downside.
USDJPY finished lower o/n at 146.58 (-0.68%) after hitting an intraday low of 145.18 as the market positions for dovish outcomes from this week's FOMC meeting minutes and Fed Chair Powell's speech at Jackson Hole.
The recent 20-big-figure sell-off from the 161.94 July high represents a change in trend to the downside, and the pair would need to see a sustained break above medium-term resistance at 152.00 to negate this view and the risks of a retest of the recent 141.68 low.
The recent 20-big-figure sell-off from the 161.94 July high represents a change in trend to the downside, and the pair would need to see a sustained break above medium-term resistance at 152.00 to negate this view and the risks of a retest of the recent 141.68 low.
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