USDJPY is in a clear down trend despite continuing monetery easying. as of 19 Apr the price sits at a 200 EMA on a weekly chart. On a monthly chart the next support level arises at 106.6 and a next technical support at 105. The expected price action is that the price follows its down trend until 1June and will pierce the support line at 105 and come back to the 0.382 fibo line at 106.6. Further in the year the price might fall to the 50% retracement at 100.6.
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