USD/JPY Weekly Price Forecast
If we break down below the ¥109 level, it’s very likely that we will go looking towards the ¥108 level. This will probably coincide with bad news out of the trade talks, as the Japanese yen will be the safety currency of choice in that scenario. Having said that, there’s also the opposite scenario where the talks produce something substantial, and if they do it’s likely that we could fill the gap above.
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