GBP/JPY and USD/JPY Threaten Breakdown, Major Risk for Bulls
- Markets entering risk-off phase?
- GBPJPY and USDJPY show signs of topping in the medium-term.
- Only one high ranked event on the economic calendar today for USD.
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The Japanese Yen is gaining momentum as global equity markets slip - risk-aversion is coming back into play. We're watching GBPJPY and USDJPY.
--- Written by Christopher Vecchio, Currency Analyst
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.