USD/JPY sold off sharply ahead of its 9-day moving average at 90.79, but is still not oversold and momentum is decidedly bearish, says Trader. She now looks for a drop to the 61% Fibonacci retracement target of 88.25 some time this week, and to position for such a move would sell at market, with a stop above 90.65. USD/JPY now at 90.11.
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