USD/JPY – Low and Slow
Chart Prepared by Jamie Saettele, CMT
-The USD/JPY decline since June 2015 has been far from smooth but weakness since the NIRP failure at the end of January is contained within a channel. Strength through channel resistance (the channel is steep and decreases significantly with the passage of time but is currently near 105.00) would allow for consideration of a behavior change. So far in August, the 2014 low has acted as support.
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