USDJPY broke previous top @121.50 as indicated in the chart due to safe haven demands and reached oversold area which is indicated by the bands.
Immediately after reaching oversold area rapid buy can be seen by the following 2 candles, USDJPY should test the previous monthly highs and should drop to 118 level due to safe haven demand.
Immediately after reaching oversold area rapid buy can be seen by the following 2 candles, USDJPY should test the previous monthly highs and should drop to 118 level due to safe haven demand.