Focus remains on the all time low just below 8000 (1995 low) for the USDJPY. A multi month channel is defining the near term trend. One more low would potentially complete 5 waves down from 8920 (v of 3?) and give way to a corrective advance. 8600 defines the trend. 8290 may serve as support (161.8% extension) ahead of 8000.
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