USD/JPY support between 90.75-60 is holding out but with US yields falling sharply late last week, this prop will likely be tested repeatedly this week says Trader. Sooner or later that support will give way and once support at 90.45 and the retracement target of 90.35 are overcome, stop-loss selling should drive the rate down to the 88.00 area says the bank. USD/JPY now at 90.95.
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Thanks for update,
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